Software:Thinkorswim
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| Available in | English |
|---|---|
| Type | Electronic trading platform |
| Website | trade |
Thinkorswim is an electronic trading platform owned by Charles Schwab Corporation. It is geared for self-directed stock, options and futures traders.[1]
History
Thinkorswim, Inc. was founded in 1999 by Tom Sosnoff and Scott Sheridan as an online brokerage specializing in options.[2] It was funded by Technology Crossover Ventures.[3] In February 2007, Investools acquired Thinkorswim.[4]
In January 2009, it was acquired by TD Ameritrade for $225 million of cash and 28 million shares of TD Ameritrade.[5][6][7] The final sale value was $749 million and included 250,000 thinkorswim accounts.[8] At the time, thinkorswim led the industry in the number of retail option trades per day.[5] Lee Barbra was CEO.[5] In 2018, with Thinkorswim, Ameritrade became the first US retail broker-dealer to launch 24/5 trading platforms, which it did for a few exchange-traded funds through the thinkorswim platforms.[9] In early 2018, thinkorswim expanded into Hong Kong.[10]
In October 2020, Charles Schwab Corporation acquired TD Ameritrade and the thinkorswim platform became available for Charles Schwab customers.[1] Charles Schwab integrated Thinkorswim into its platform.[11]
In 2023, Charles Schwab customers were given access to thinkorswim.[1] In 2025, the thinkorswim platform added 24/5 trading on many S&P 500 and Nasdaq-100 stocks, after testing the feature as a pilot in November 2024.[12]
References
- ↑ 1.0 1.1 1.2 Miao, Hannah (October 16, 2023). "Schwab Gives Traders Access to TD Ameritrade's Thinkorswim Platform". The Wall Street Journal. https://www.wsj.com/livecoverage/stock-market-today-dow-jones-10-16-2023/card/schwab-gives-traders-access-to-td-ameritrade-s-thinkorswim-platform-htVxzqaROLlNELVj3D6i.
- ↑ "Thinkorswim founders bring new online brokerage". Chicago Tribune. January 6, 2017. https://www.chicagotribune.com/business/blue-sky/ct-tastyworks-dough-online-broker-bsi-20170106-story.html.
- ↑ "Technology Crossover Ventures: thinkorswim". Technology Crossover Ventures. https://www.tcv.com/companies/thinkorswim/.
- ↑ "Investools Inc. Completes Merger with thinkorswim Group Inc., Announces Upcoming Ticker Symbol Change to 'SWIM'" (Press release). marketscreener.com. February 15, 2007.
- ↑ 5.0 5.1 5.2 Spicer, Jonathan; Stempel, Jonathan; Frankel, Doris (January 8, 2009). "TD Ameritrade buying thinkorswim for $606 million". Reuters. https://www.reuters.com/article/us-thinkorswim-tdameritrade-idUSTRE5073ID20090108/.
- ↑ Ortega, Edgar (January 8, 2009). "TD Ameritrade Buys Thinkorswim to Expand in Options". Bloomberg News. https://www.bloomberg.com/news/articles/2009-01-08/td-ameritrade-buys-thinkorswim-to-expand-in-options.
- ↑ "TD Ameritrade to buy thinkorswim for $606 million". Associated Press. Pittsburgh Post-Gazette. January 8, 2009. https://www.post-gazette.com/business/businessnews/2009/01/08/TD-Ameritrade-to-buy-thinkorswim-for-606-million/stories/200901080361.
- ↑ Goff, John (10 January 2012). "thinkorswim integration not all going swimmingly, TD says". https://www.investmentnews.com/rias/thinkorswim-integration-not-all-going-swimmingly-td-says/38232.
- ↑ Lyudvig, Anna (31 October 2024). "Schwab to Significantly Expand 24-Hour Trading Capabilities". Traders Magazine. https://www.tradersmagazine.com/xtra/schwab-to-significantly-expand-its-24-hour-trading-capabilities/.
- ↑ "US-based financial company opens Hong Kong brokerage". Hong Kong (Press release). March 1, 2018.
- ↑ Krantz, Matt (7 October 2020). "Is Thinkorswim Sunk Now That Schwab Owns TD Ameritrade?". Investor's Business Daily. https://www.investors.com/etfs-and-funds/personal-finance/thinkorswim-sunk-now-that-schwab-owns-td-ameritrade/.
- ↑ Sidhika, Anika (13 February 2025). "Charles Schwab expands 24/5 trading to all clients". https://www.privatebankerinternational.com/news/charles-schwab-expands-24-5-trading-to-all-clients/.
External links
- No URL found. Please specify a URL here or add one to Wikidata.
- S.E.C. Litigation Release No. 21331 Re: Investools
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