Thinkorswim stock ceased trading at Thursday’s market close.ĪP Writer David Pitt contributed to this report from Des Moines, Iowa. John Bunch, president of retail distribution at Ameritrade, has assumed responsibility for the education business, both for broker-dealer provided content and the Investools curriculum.ĭave Kelley, the company’s chief operating officer, is responsible for leading the integration.Īmeritrade shares fell 12 cents Thursday to $17.96. Tom Sosnoff, co-founder of the thinkorswim brokerage, is the senior vice president of the company’s trader group.
If you’re wondering which one is right for your trading, this guide will help you decide. Also, education offerings to include more programs focused on long-term investing will be added.įormer thinkorswim CEO Lee Barba will serve as an adviser to Tomczyk during the integration. While TD Ameritrade and ThinkorSwim share the same parent company (Charles Schwab), they remain distinct. Teams from both companies will phase in functionality for trading advanced options, futures and foreign exchange over the next 18 months as thinkorswim is integrated into Ameritrade. Ameritrade expects little to no impact to its fiscal 2009 earnings, with a 3 percent to 7 percent accretion expected in fiscal 2010 and 7 percent to 10 percent in fiscal 2011.
