The company was founded in 1971 as Ameritrade, before it represented Toronto-Dominion Bank competitor TD Waterhouse in 2006. The newly created company was later renamed TD Ameritrade, with Toronto-Dominion Bank holding approximately 40 per cent minority interest. [3] In October 2020, Charles Schwab Corporation acquired TD Ameritrade in a $22 billion equity agreement that yielded a 13 per cent minority stake in the Bank of Toronto-Dominion in Charles Schwab. [4] Other assets that can be traded online include over-the-counter and flex options, investment trusts and junk bonds. In August 2019, CEO Tim Hockey announced his departure from TD Ameritrade in the early quarter of 2020. Working your way from an idea of placing a business involves the use of well-organized two-tier menus on the site. There is a trade ticket at the bottom of each screen that you detach and float in a separate window for easy access. The graphics can also be separated and driven to create a business environment, but this is a more involved process than what is available through Thinkorswim. There are quickly buy and sell keys that pop-up when you float over a ticker and click download basic information in the trade ticket.

If you want to send a conditional order, you must go to an extended commercial ticket, accessible with a click. Thinkorswim lets you set up your screens with your favorite tools and a trade ticket. Standard implementations are largely easy to use and most dealers are familiar with the use of drawing tools, technical indicators and data visualization tools. Thinkorswim allows merchants to create their own analytics tools and use an integrated programming language called thinkScript. As of March 31, 2020, TD Ameritrade had more than 12 million accounts receivable and approximately $1,200 billion in client assets. In the second quarter of fiscal 2020, the company generated an average of 2.1 million sales per day. [1] The Thinkorswim platform shines when it comes to finding options with tools such as option hackers and spread hackers. With these, you can search for simple and complex options strategies, such as covered calls. B, vertical calls, calendars, diagonals, double diagonals, double diagonals, tilts and iron butterflies, using real-time streaming data and based on criteria such as implied volatility levels, volatility inclinations between months, expiration time, probability of winning, maximum gain , maximum risk, delta and spread price. TD web has capital IQ Screener to check hidden calls and calendar discrepancies.

Both platforms connect directly to several analytics tools and then to ticket trading. TD Ameritrade customers can trade a wide range of assets on both web and thinkorswim platforms and mobile applications.