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.

History

Thinkorswim, Inc. was founded in 1999 by Tom Sosnoff and Scott Sheridan as an online brokerage specializing in options.^[1] It was funded by Technology Crossover Ventures.^[2] In February 2007, Investools acquired Thinkorswim.^[3] In January 2009, it was acquired by TD Ameritrade in a cash and stock deal valued around $606 million.^{[4] [5] [6]} In October 2020, Charles Schwab Corporation acquired TD Ameritrade and the thinkorswim platform became available for Charles Schwab customers.^[7]

External links

• • S.E.C. Litigation Release No. 21331 Re: Investools

Notes and References

1. News: Thinkorswim founders bring new online brokerage . . January 6, 2017 . subscription.
2. Web site: Technology Crossover Ventures: thinkorswim . Technology Crossover Ventures.
3. Investools Inc. Completes Merger with thinkorswim Group Inc., Announces Upcoming Ticker Symbol Change to 'SWIM' . marketscreener.com . February 15, 2007.
4. News: TD Ameritrade buying thinkorswim for $606 million . . January 8, 2009.
5. News: TD Ameritrade Buys Thinkorswim to Expand in Options . Ortega . Edgar . . January 8, 2009 . subscription.
6. News: TD Ameritrade to buy thinkorswim for $606 million . . . January 8, 2009.
7. News: Schwab Gives Traders Access to TD Ameritrade's Thinkorswim Platform . Hannah . Miao . . October 16, 2023 . subscription.