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The combined company was renamed TD Ameritrade, and TD Bank Group was given a 39% stake in the company. As part of the deal, Ameritrade sold its Canadian operations to TD Bank who merged them with TD Waterhouse Canada. [5] In January 2009, TD Ameritrade acquired thinkorswim in a cash and stock deal valued around $606 million.
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 ...
Tom Sosnoff (born March 6, 1957) is an entrepreneur, options trader, co-founder of Thinkorswim [1] and tastytrade, and founder of Dough, Inc. He was senior vice president of trading and strategic initiatives at TD Ameritrade.
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Sosnoff, who spent 10 years as an options-market maker at the Chicago Mercantile Exchange, created Thinkorswim in 1999 and sold it this year to TD Ameritrade ( AMTD )for more than $600 million ...
These are some of the good and not-so-good things about TD Ameritrade. Pros. $0 minimum to open an account. Offers over 4,100 mutual funds with no transaction fees. Stocks, ETFs and options are ...
In 2022, Charles Schwab purchased TD Ameritrade, and along with it, thinkorswim. [12] At the time, thinkorswim as one of the electronic trading platforms TD Direct Investing customers use to perform trades. [13] In light of this, TD Active Trader was announced in 2023 to serve clients that previously used thinkorswim. [14]
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