Timber Hill, an alternative execution venue

Another destination for customer orders submitted to Bulbrokers is Timber Hill, the specialist firm in the Interactive Brokers Group.

Timber Hill was founded in 1982 by options trader and computer expert Thomas Peterffy. Timber Hill, which traded equity options at the American Stock Exchange, created the first handheld computers used for trading.

The proprietary technology can track positions and continually re-price options, giving Timber Hill an edge over its peers. Over the past three decades, the firm has continued to innovate and expand. Timber Hill today is the U.S. firm that is a specialist in the largest number of options series. It also is a member of all major exchanges around the world.