Taxus Baccata

by | Mar 15, 2018 | Taxus Baccata

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Thinkorswim is an electronic trading platform owned by Charles Schwab Corporation used to trade financial assets. 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][3] It was funded by Technology Crossover Ventures.[4] In February 2007, Investools acquired Thinkorswim.[5] In January 2009, it was acquired by TD Ameritrade in a cash and stock deal valued around $606 million.[6][7][8] In October 2022, Charles Schwab Corporation acquired TD Ameritrade and the thinkorswim platform became available for Charles Schwab customers.[9]

References

  1. ^ Glum, Julia (June 22, 2021). "Thinkorswim for Beginners: A Guide to Trading on the High-Tech TD Ameritrade Platform". Money.
  2. ^ "Schwab Announces thinkorswim Platform Will Survive". Investopedia. Retrieved February 12, 2024.
  3. ^ "Thinkorswim founders bring new online brokerage". Chicago Tribune. January 6, 2017.
  4. ^ "Technology Crossover Ventures: thinkorswim". Technology Crossover Ventures.
  5. ^ "Investools Inc. Completes Merger with thinkorswim Group Inc., Announces Upcoming Ticker Symbol Change to 'SWIM'" (Press release). marketscreener.com. February 15, 2007.
  6. ^ "TD Ameritrade buying thinkorswim for $606 million". Reuters. January 8, 2009.
  7. ^ Ortega, Edgar (January 8, 2009). "TD Ameritrade Buys Thinkorswim to Expand in Options". Bloomberg News.
  8. ^ "TD Ameritrade to buy thinkorswim for $606 million". Pittsburgh Post-Gazette. Associated Press. January 8, 2009.
  9. ^ Miao, Hannah (October 16, 2023). "Schwab Gives Traders Access to TD Ameritrade's Thinkorswim Platform". The Wall Street Journal.

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