Tom Sosnoff: Biography, Career, and Business Insights

Tom Sosnoff’s Profile Summary

Company	Tastytrade
Position	Co-Founder and Co-Chief Executive Officer (Co-CEO) of Tastytrade, Inc.
Source of wealth	Profits from the sale of Thinkorswim to TD Ameritrade, founding and scaling Tastytrade, performance as a market maker at CBOE
Also known as	TV show host, investor, educator.
Age	68
Education	State University of New York at Albany – Bachelor's degree in Political Science
Citizenship	United States
Residence	Chicago, USA
Family	Tom Sosnoff has two children: a daughter, Case Sosnoff, and a son whose name remains private.
Website, Social Media	https://tastytrade.com/

Tom Sosnoff’s biography

Tom Sosnoff, born in 1957, is an influential figure in the fintech and trading world, known for his entrepreneurial ventures in the financial industry. A native of New York, he graduated with a BA in Political Science from the State University of New York at Albany. Early in his career, Sosnoff worked as a market maker at the Chicago Board Options Exchange (CBOE), where he gained invaluable experience in trading. In 1999, he co-founded Thinkorswim, an options trading platform for retail investors, which grew rapidly and was acquired by TD Ameritrade in 2009 for $750 million. After the success of Thinkorswim, Sosnoff went on to launch Tastytrade in 2011, a platform blending financial education with trading tools, focusing on options. Tastytrade has grown into a major player in the trading community, with a unique approach to financial education through engaging content. In 2021, the company was acquired by IG Group for $1 billion, marking yet another milestone in Sosnoff's career as a leading entrepreneur in the fintech space

How did Tom Sosnoff make money?

Tom Sosnoff makes money in the following areas:

Profits from the sale of Thinkorswim to TD Ameritrade, founding and scaling Tastytrade, performance as a market maker at CBOE
What is Tom Sosnoff net worth?

As of 2025, Tom Sosnoff’s net worth is estimated to be $120M.

What is Tom Sosnoff also known as?

Tom Sosnoff is well-known for hosting financial news and trading shows, including on tastylive (formerly Tastytrade), where he combines financial education with humor to make complex topics more accessible. He is also an active investor, having founded several successful companies like Thinkorswim and Tastytrade. Additionally, Sosnoff is an educator, dedicated to helping individuals understand options trading through his content-rich platforms and media appearances

Prominent achievements of Tom Sosnoff

Tom Sosnoff co-founded Thinkorswim, which was sold to TD Ameritrade for $750 million, and later founded Tastytrade, which was acquired by IG Group for $1 billion. He was recognized with the EY Entrepreneur of the Year Midwest Award in 2014 for his contributions to the financial industry, and he remains a prominent figure in fintech and options trading

What are Tom Sosnoff’s key insights?

Tom Sosnoff’s business philosophy centers around empowering retail traders through education and making complex financial strategies, such as options trading, accessible to individuals. He emphasizes do-it-yourself investing, encouraging people to take control of their financial decisions without relying solely on money managers. Sosnoff is known for his unconventional and sometimes contrarian trading strategies, always focusing on long-term growth and minimizing risk

Tom Sosnoff’s personal life

Tom Sosnoff was previously married, though the identity of his ex-wife has not been publicly disclosed. He shares two children with her: Case Sosnoff, his daughter, who works as the Chief Compliance Officer at Tastyworks, and a son, whose name and details remain private. Case is more visible in the public eye, and she often shares her admiration for her father on social media

Useful insights

Advanced strategies for stock and Forex traders

As you progress in your trading journey, it is important to explore more advanced strategies. These books dive deeper into technical analysis and trading psychology, helping traders improve their edge.

John Bollinger – "Bollinger on Bollinger Bands"
- Summary:
  
  Bollinger, the creator of Bollinger Bands, provides an in-depth explanation of how to use this technical indicator to measure market volatility and identify trading opportunities. The book includes detailed examples of how Bollinger Bands can be applied in various market conditions.
- Why read it:
  
  Understanding how to use technical indicators like Bollinger Bands is crucial for identifying market trends and making informed decisions. This book is essential for traders looking to master volatility-based strategies.
Al Brooks – "Trading Price Action Trends"
- Summary:
  
  Brooks focuses on price action trading, a strategy that relies on interpreting raw price movements without the use of lagging indicators. His book teaches how to read price charts, identify trends, and use support and resistance levels effectively.
- Why read it:
  
  As one of the purest forms of technical analysis, price action trading can significantly enhance a trader's ability to react to market movements. Traders seeking a deeper understanding of market behavior will find Brooks' insights invaluable.