Source: Interactive Brokers
Interactive Brokers Group announced the increase of the board to six directors and the appointment of Dr. Lawrence E. Harris as an independent director of the company.
Dr. Harris is a professor of Finance and Business Economics at the University of Southern California, where he holds the Fred V. Keenan Chair in Finance at the Marshall School of Business. Dr. Harris also serves as a director of the Clipper Fund and as the research coordinator of the Institute for Quantitative Research in Finance. Dr. Harris formerly served as Chief Economist of the U.S. Securities and Exchange Commission.
Dr. Harris received his Ph.D. in Economics from the University of Chicago, where he examined price-volume relations in securities markets. He is an expert in the economics of securities market microstructure and the uses of transactions data in financial research. He has written extensively about trading rules, transaction costs, index markets, and market regulation. Dr. Harris is also the author of the widely respected textbook "Trading and Exchanges: Market Microstructure for Practitioners."
Thomas Peterffy, Chairman and Chief Executive Officer, said "Larry is a leading figure in our industry and he brings to Interactive Brokers a great depth of knowledge and expertise in the financial markets. He is in a unique position to contribute to all aspects of our business, including the rapidly emerging structural issues that will form the future of our industry and permit us to continue to advance ahead of our peers."