As of August 2011, thinkorswim has been integrated with TD Ameritrade. All new accounts will be opened through TD Ameritrade. All 250,000 thinkorswim account holders will also now sign in through TD Ameritrade’s website. Therefore, our thinkorswim review and TD Ameritrade review have also been integrated into one comprehensive review. Just hit the link below to read the review.
More on the acquisition/integration:
At the time of the acquisition, TD AMERITRADE was the current industry leader in the number of equity trades placed each day, and thinkorswim currently leads the industry in retail options trades placed each day…making TD AMERITRADE the new industry leader in the number of options trades placed each day.
TD Ameritrade acquired thinkorswim Group, Inc in 2009 for approximately $606 million in a mix of cash and stock. At the time, TD Ameritrade led the industry in number of stock trades per day, and thinkorswim was the leader in retail option trades placed per day.
The deal coincides with the growing trend of options trades among the retail trading crowd, and gives TD Ameritrade access to thinkorswim’s advanced options trading platform. While the two platforms were not fully integrated until August 2011, current TD Ameritrade customers can expect access to a wider range of trading tools once the integration takes place.
To read a full FAQ on the TD Ameritrade/thinkorswim integration, click here.
Or, read the press release.