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TD Ameritrade was a stockbroker that offered an electronic trading platform for the trade of financial assets. The company was founded in 1975 as First Omaha Securities . In 2006, it acquired the United States operations of TD Waterhouse from Toronto-Dominion Bank and was renamed TD Ameritrade.
In September 2017, the stock brokerage division of the company was acquired by TD Ameritrade (later merged into Charles Schwab Corporation) and absorbed by that company; the banking division, Scottrade Bank, was acquired by TD Bank Group and folded into TD Bank, N.A. [1] [10] [2]
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.
Sosnoff, who spent 10 years as an options-market maker at the Chicago Mercantile Exchange, created Thinkorswim in 1999 and sold it this year to TD Ameritrade for more than $600 million.
In our capitalist system, the supposed purposes of financial markets are twofold: To coordinate resources, getting them to their most productive economic uses, and to provide corporate governance ...
On October 6, 2020, the company acquired TD Ameritrade. [34] [35] [36] Effective on January 1, 2021, the company moved its headquarters from San Francisco, California to Westlake, Texas. [37] On January 1, 2025, Rick Wurster assumed the CEO position of the company, replacing the retiring Walt Bettinger. [38]
Shares of TD Ameritrade are down around 4% during the last two days after the Fed announced that it wouldn't be tapering its bond-buying program any time soon. Motley Fool Analyst Tim Hanson ...
In September 2017, TD Ameritrade acquired Scottrade. [4] In March 2019, Riney's family office Lightchain invested in Arch Oncology, a cancer drug startup. [8] He is a member of the Board of Directors of the Multiple Myeloma Research Foundation. [9] On the Forbes 400 2019 list, he ranked #225, with a net worth of $3.6 billion. [10]