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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 ...
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.
In 2009, Thinkorswim was sold to TD Ameritrade for $750 million [9] and Sosnoff personally received $84 million from the sale. [10] In 2011, Sosnoff announced that $20 million in venture capital had been raised for his new company tastytrade. [ 9 ]
For sophisticated investors, TD Ameritrade offers thinkorswim, a powerful set of investment tools oriented specifically at investors who make frequent or complex trades. If you aren’t looking ...
Charles Schwab is a large online broker that has acquired TD Ameritrade and integrated its world-class trading platform, thinkorswim. ... Must request a call for phone support. Costs and fees ...
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 ...
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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