how to access td ameritrade thinkorswim platform

Schwab recorded an average of about 270,000 trades in the same period. The deal is expected to close within six months, pending thinkorswim shareholder approval.Īmeritrade said the transaction boosts its average client trades per day by 16 percent to about 350,000 trades, calculated from September 2007 through September 2008.

Tomczyk said in the interview there would “inevitably” be job losses, but stressed they were a minor part of overall cost savings. The deal is expected to yield $55 million in revenues and cost savings, primarily from retiring thinkorswim’s clearing contract when it retires at the end of next year. This values thinkorswim at $8.71 per share, a 54 percent premium over Wednesday’s closing price of $5.65.Īmeritrade management said on a conference call it expects the deal to boost fiscal 2010 earnings by 3 percent to 7 percent, and by 10 percent to 15 percent after thinkorswim is fully integrated, in about two year. The proposed acquisition gives shareholders of thinkorswim 0.3980 of a Ameritrade share plus $3.34 in cash for each of their shares. “It was a very good time to pick up an attractive asset at an attractive price,” Ameritrade Chief Executive Fred Tomczyk told Reuters. The stock and cash takeover announced Thursday would bolster Ameritrade's industry-leading trading business, and allow it to challenge Charles Schwab Corp's SCHW.O standing at the top of the industry.Īmeritrade shares fell 2.7 percent on Thursday while thinkorswim shares, which plummeted 69 percent last year, recovered nearly two thirds of that lost value. online broker in the fast-growing area of options and futures trading. NEW YORK (Reuters) - TD Ameritrade Holding Corp AMTD.O has agreed buy thinkorswim Group Inc SWIM.O in a $606 million deal that establishes the U.S.

How to access td ameritrade thinkorswim platform