Thinkorswim

Last updated

Thinkorswim
Available inEnglish
Type Electronic trading platform
Website trade.thinkorswim.com

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]

Contents

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 in a cash and stock deal valued around $606 million. [5] [6] [7] The final sale amount was $749 million, with 250,000 thinkorswim accounts transferred. [8] At the time, thinkorswim led the industry in the number of retail option trades per day, with Lee Barbra serving as CEO. [9] In 2018, with Thinkorswim, Ameritrade became the first US retail broker-dealer to launch 24/5 trading platforms, which it did through the thinkorswim platforms. [10] In early 2018, thinkorswim also expanded into Hong Kong. [11]

In October 2020, Charles Schwab Corporation acquired TD Ameritrade and the thinkorswim platform became available for Charles Schwab customers. [1] Charles Schwab that month confirmed plans to integrate Thinkorswim into its own tools. [12]

In 2023, Charles Schwab customers were given access to thinkorswim. [1] In 2025, the thinkorswim platform added 24/5 trading on S&P 500 and Nasdaq-100 stocks, after testing the feature as a pilot in November 2024. [13]

Features

In 2024, thinkorswim offered "pre- and post-market extended hours trading sessions across its trading platforms. Futures, including options on futures, and forex trading are available to clients with appropriately approved accounts." [10]

References

  1. 1 2 3 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. ↑ "TD Ameritrade buying thinkorswim for $606 million". Reuters . January 8, 2009.
  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. Retrieved April 13, 2025.
  9. ↑ "TD Ameritrade buying thinkorswim for $606 million". reuters. January 8, 2009. Retrieved April 12, 2025.
  10. 1 2 Lyudvig, Anna (October 31, 2024). "Schwab to Significantly Expand 24-Hour Trading Capabilities". Traders Magazine. Retrieved April 12, 2025.
  11. ↑ "TD Ameritrade's Trading App "thinkorswim" Provides Access to US Equities". South China Morning Press & TD Ameritrade. December 3, 2018. Retrieved April 13, 2025.
  12. ↑ Krantz, Matt (October 7, 2020). "Is Thinkorswim Sunk Now That Schwab Owns TD Ameritrade?". Investor's Business Daily. Retrieved April 10, 2025.
  13. ↑ Sidhika, Anika (February 13, 2025). "Charles Schwab expands 24/5 trading to all clients". PrivateBankerInternational. Retrieved April 12, 2025.
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