Frederic Tomczyk

Advisor & Director, Cboe Global Markets

Search every verified Frederic Tomczyk interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a December 2024 discussion with Robinhood’s Chief Brokerage Officer Steve Quirk, Tomczyk emphasized the importance of investor education in options trading, stating that without proper understanding "you will blow up." He noted that when TD Ameritrade acquired thinkorswim, derivatives made up 2% of trade volume, a figure that grew to 45% over ten years as traders learned to use options. Tomczyk described index options as European-style and cash-settled, offering favorable tax treatment regardless of holding period, and highlighted Cboe’s expansion of around-the-clock trading on thousands of symbols to give international investors access to U.S. markets. Tomczyk credited Robinhood with making trading "so easy, so simple, so intuitive," which he said helped drive options adoption. He also speculated that computing power could become a new tradable commodity, comparing it to "the new oil," and pointed to the growth of data centers and AI as drivers of that trend. He discussed short-dated options as an efficient tool for hedging or taking advantage of events with low premiums, and recounted a Wall Street Journal reporter who turned $500 into $1,450 trading them for a week.