Thinkorswim
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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] 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 Thinkofswim 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
External links
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- 2006 initial public offerings
- 2009 mergers and acquisitions
- American companies established in 1999
- Companies formerly listed on the Nasdaq
- Electronic trading platforms
- Financial derivative trading companies
- Financial services companies established in 1999
- Online brokerages
- Toronto-Dominion Bank