| Tom Sosnoff | |
| Birth Date: | 6 March 1957 |
| Birth Place: | New York City, New York |
| Nationality: | American |
| Institutions: | --> |
| Field: | Finance Options trading Entrepreneurship |
| Alma Mater: | University at Albany, SUNY |
| Spouses: | --> |
Tom Sosnoff (born March 6, 1957) is an entrepreneur, options trader, co-founder of Thinkorswim and tastytrade, and founder of Dough, Inc. He was senior vice president of trading and strategic initiatives at TD Ameritrade. Sosnoff promotes option trading as a financial strategy for the individual investor.
Sosnoff, a native New Yorker, got his first job as a caddie at the age of 13. In 1979, Sosnoff received a BA degree in political science from University at Albany, SUNY and immediately began working for Drexel Burnham Lambert.
Sosnoff worked as a market maker at the Chicago Board Options Exchange through the Sosnoff Sheridan Group in the 1980s.[1] In 1999, Sosnoff co-founded Thinkorswim, an online brokerage firm specializing in options trading for individuals.[1] In 2009, Thinkorswim was sold to TD Ameritrade for $750 million[2] and Sosnoff personally received $84 million from the sale.[3] In 2011, Sosnoff announced that $20 million in venture capital had been raised for his new company tastytrade.[2] His aim in founding tastytrade was to create a financial news show focusing on options, mixing content with comedy similar to the "Daily Show".[4] [5] In 2014, a Silicon Valley venture fund, Technology Crossover Ventures, invested $25 million into Dough Inc., also founded by Sosnoff, which includes tastytrade.[5] [6]
In January 2021, tastytrade was acquired by IG Group for $1 billion.[7] [8]
Sosnoff hosts a financial news show on tastylive, previously known as tastytrade, where he focuses on teaching individuals how to trade options via original skits and educational content.[9]