Thinkorswim Explained
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]
External links
Notes and References
- News: Thinkorswim for Beginners: A Guide to Trading on the High-Tech TD Ameritrade Platform . Julia . Glum . . June 22, 2021.
- Web site: Schwab Announces thinkorswim Platform Will Survive . 2024-02-12 . Investopedia . en.
- News: Thinkorswim founders bring new online brokerage . . January 6, 2017 . subscription.
- Web site: Technology Crossover Ventures: thinkorswim . Technology Crossover Ventures.
- Investools Inc. Completes Merger with thinkorswim Group Inc., Announces Upcoming Ticker Symbol Change to 'SWIM' . marketscreener.com . February 15, 2007.
- News: TD Ameritrade buying thinkorswim for $606 million . . January 8, 2009.
- News: TD Ameritrade Buys Thinkorswim to Expand in Options . Ortega . Edgar . . January 8, 2009 . subscription.
- News: TD Ameritrade to buy thinkorswim for $606 million . . . January 8, 2009.
- News: Schwab Gives Traders Access to TD Ameritrade’s Thinkorswim Platform . Hannah . Miao . . October 16, 2023 . subscription.
