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Thinkorswim

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Thinkorswim
Available inEnglish
TypeElectronic trading platform
Websitetrade.thinkorswim.com

Thinkorswim is an electronic trading platform owned by Charles Schwab Corporation. It is geared for self-directed stock, options and futures traders.[1]

History

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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

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  1. ^ a b c Miao, Hannah (October 16, 2023). "Schwab Gives Traders Access to TD Ameritrade's Thinkorswim Platform". The Wall Street Journal.
  2. ^ "Thinkorswim founders bring new online brokerage". Chicago Tribune. January 6, 2017.
  3. ^ "Technology Crossover Ventures: thinkorswim". Technology Crossover Ventures.
  4. ^ "Investools Inc. Completes Merger with thinkorswim Group Inc., Announces Upcoming Ticker Symbol Change to 'SWIM'" (Press release). marketscreener.com. February 15, 2007.
  5. ^ a b c Spicer, Jonathan; Stempel, Jonathan; Frankel, Doris (January 8, 2009). Caney, Derek; Dobbyn, Tim (eds.). "TD Ameritrade buying thinkorswim for $606 million". Reuters.
  6. ^ Ortega, Edgar (January 8, 2009). "TD Ameritrade Buys Thinkorswim to Expand in Options". Bloomberg News.
  7. ^ "TD Ameritrade to buy thinkorswim for $606 million". Pittsburgh Post-Gazette. Associated Press. January 8, 2009.
  8. ^ Goff, John (January 10, 2012). "thinkorswim integration not all going swimmingly, TD says". Investment News.
  9. ^ Lyudvig, Anna (October 31, 2024). "Schwab to Significantly Expand 24-Hour Trading Capabilities". Traders Magazine.
  10. ^ "US-based financial company opens Hong Kong brokerage". Hong Kong (Press release). March 1, 2018.
  11. ^ Krantz, Matt (October 7, 2020). "Is Thinkorswim Sunk Now That Schwab Owns TD Ameritrade?". Investor's Business Daily.
  12. ^ Sidhika, Anika (February 13, 2025). "Charles Schwab expands 24/5 trading to all clients". Private Banker International.
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