Thinkorswim
(Redirected from INVESTools)
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| Available in | English |
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| Type | Electronic trading platform |
| Website | trade |
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
[edit]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] In October 2020, Charles Schwab Corporation acquired TD Ameritrade and the thinkorswim platform became available for Charles Schwab customers.[1]
References
[edit]- ^ a b Miao, Hannah (October 16, 2023). "Schwab Gives Traders Access to TD Ameritrade's Thinkorswim Platform". The Wall Street Journal.
- ^ "Thinkorswim founders bring new online brokerage". Chicago Tribune. January 6, 2017.
- ^ "Technology Crossover Ventures: thinkorswim". Technology Crossover Ventures.
- ^ "Investools Inc. Completes Merger with thinkorswim Group Inc., Announces Upcoming Ticker Symbol Change to 'SWIM'" (Press release). marketscreener.com. February 15, 2007.
- ^ "TD Ameritrade buying thinkorswim for $606 million". Reuters. January 8, 2009.
- ^ Ortega, Edgar (January 8, 2009). "TD Ameritrade Buys Thinkorswim to Expand in Options". Bloomberg News.
- ^ "TD Ameritrade to buy thinkorswim for $606 million". Pittsburgh Post-Gazette. Associated Press. January 8, 2009.
External links
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