thinkorswim former name revealed with TD Ameritrade

Author

Reads 674

Detailed macro shot of an Ethereum logo coin against a dark background.
Credit: pexels.com, Detailed macro shot of an Ethereum logo coin against a dark background.

The thinkorswim platform has a fascinating history, and it's interesting to note that it was originally known as TradeStation.

TD Ameritrade acquired TradeStation in 2019, marking a significant milestone in the platform's evolution.

thinkorswim was later rebranded as a key component of the TD Ameritrade ecosystem, offering advanced trading tools and education to its users.

The acquisition brought together two industry leaders, creating a powerful force in the online trading space.

Thinkorswim Name Change

Thinkorswim Group Inc. officially changed its name from Investools Inc. on June 6.

The company's stock will continue to trade under the NASDAQ ticker symbol 'SWIM' and the new CUSIP number is 88409C105.

Thinkorswim Group Inc. rebranded itself to align with its technology leadership in the options markets.

Lee K. Barba, Chairman and CEO of thinkorswim Group Inc., stated that the rebranding will properly position the Company around its core business, bring clarity to industry comparisons, and enhance investor relations.

Crop ethnic trader using smartphone against laptop at home
Credit: pexels.com, Crop ethnic trader using smartphone against laptop at home

To commemorate the name change, thinkorswim Group Inc. hosted the NASDAQ Closing Bell ceremony in New York.

The thinkorswim Group Inc. offers a range of online brokerage, investor education, and related financial products and services for self-directed investors and active traders.

Here are the key facts about the thinkorswim name change:

The rebranding aims to bring clarity to industry comparisons and enhance investor relations.

Thinkorswim vs Competitors

Thinkorswim is a powerful trading platform, but how does it stack up against its competitors? E\*TRADE is another popular option, offering a user-friendly interface and competitive pricing.

TD Ameritrade acquired thinkorswim in 2009, but its platform is still widely used today. This acquisition likely influenced thinkorswim's competitive pricing.

The thinkorswim platform is known for its advanced trading tools, including a robust charting package and a wide range of technical indicators.

Interactive Brokers is another competitor, offering a low-cost trading experience with a wide range of investment products.

Frequently Asked Questions

Is thinkorswim now Charles Schwab?

thinkorswim is now part of the Charles Schwab family, offering a seamless trading experience with access to Schwab's resources and expertise. Learn more about the benefits of this integration and how it can enhance your trading and investing experience.

Who bought thinkorswim?

Charles Schwab acquired thinkorswim as part of its 2020 purchase of TD Ameritrade. Thinkorswim is now available to all Schwab clients.

Lynette Kessler

Lead Writer

Lynette Kessler is a seasoned writer with a keen eye for detail and a passion for creating informative content. With a focus on business and finance, she has established herself as a trusted voice in the industry. Her expertise spans a range of topics, from product liability insurance to business insurance costs.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.