thinkorswim enhances trading platform amid Schwab integration

Rick Steves

TD Ameritrade has announced enhancements to the thinkorswim trading product suite with a host of new features and services.

The thinkorswim upgrades are part of the integration with Schwab following the latter’s acquisition of TD Ameritrade in a $26 billion all-cash deal.

In November 2021, Charles Schwab announced it would rebrand TD Ameritrade’s retail FX business and integrate the former rival’s thinkorswim and thinkpipes trading platforms. At the time, the company anticipated the integration between the two largest publicly traded discount brokers to take up to three years following the close of Ameritrade takeover.

The merger creates an online brokerage behemoth with nearly $7 trillion in client assets and more than 30 million brokerage accounts. The process will also include the educational offerings and tools accompanying them, as well as TD Ameritrade’s institutional portfolio rebalancing solution iRebal.

thinkorswim upgrades charting, news, programming, offering

The enhancements of thinkorswim have provided greater customization for traders who also now more informed and empowered with new charting and programming capabilities, integrated news features to contextualize market moves on mobile, and a more robust and streamlined trading offering on web.

Barry Metzger, Head of Trading and Education, Charles Schwab, said: “We know how important thinkorswim and the consistent innovation at the platforms’ core are to clients. These recently released feature enhancements are an excellent example of how we are continuing to innovate and improve upon the experience while the integration moves forward.”

New thinkorswim enhancements include:

thinkorswim Desktop: Charting and scripting capabilities take center stage, with the addition of 11 new charting studies and the release of the thinkscript® Integrated Development Environment (IDE), an advanced code editor that allows users to create, edit and manage their own studies and strategies or build on existing studies (both predefined and user-defined) within the thinkorswim platform for a tremendously expanded customizable experience.
thinkorswim Mobile: “Portfolio Digest” has been added to its overview page, allowing users to see what in the news may be affecting their holdings without logging in to a computer, in addition to improving on its display behavior while in Privacy mode and updating the look and feel of its watchlists.
thinkorswim Web: The platform’s charting system now offers a fuller trading offering with seamless drag-and-drop order editing and one-click cancellations alongside a display of historical and upcoming earnings projections. Also recently added is an Active Trader ladder interface with integrated order entry, volume display and Bid/Ask size at various price levels, and integrated Profit/Loss display – all fully accessible and mobile responsive.

TD Ameritrade launched a virtual Active Trader Branch in April. Consultants focus on trader “coaching” and wealth management to help meet the unique needs of their self-directed traders. The new Active Trader Branch builds on the success of a similar service already available to Schwab trader clients.

TD Ameritrade is a leader in U.S. retail trading and provides investing services and education to self-directed investors and registered investment advisors.

Read this next

Retail FX

Ironbeam becomes CME clearing member and launches MT5

“The direct clearing aspect along with our low-latency proprietary trading tools and technology solutions make Ironbeam the ideal trading destination.”

Institutional FX

Top 0.07%: oneZero makes it to Inc. 5000 of fastest growing companies in America

oneZero started out by serving the foreign exchange trading community, developing and executing technology that could scale with the growth of the FX market.

Industry News

CFTC wins case against broker for secretly taking other side of client orders in block trades

“As we said at the outset of this case, the illegal use of inside or confidential information undermines confidence in markets and will not be tolerated.”

Technology

BankiFi raises $4.8m to bring embedded banking platform to North America

“Our mission is to make all aspects of cash management and payments easier for SMBs everywhere, and this investment is another huge step to making that a reality.”

Executive Moves

Shieldpay hires ex-Payoneer Chris Andrews as Head of Sales

“We’ll be expanding our position in existing markets and accelerating growth into new verticals, whilst building on our direct and indirect channels.”

Digital Assets

Crypto.com secures preliminary approval to operate in Canada

Crypto.com, one of the longest-established crypto platforms, has become the first digital asset platform to sign a Pre-‘Registration Undertaking’ with the Ontario Securities Commission (OSC) in Canada.

Retail FX

CySEC hits IC Markets One with regulatory warning

The Cyprus Securities and Exchange Commission has once again stepped up its fight against unauthorized brokers.

Uncategorized

XTAGE now offers bitcoin and ether trading to 3.6M Brazilian investors

Brazilian financial services giant XP has officially launched its crypto trading platform XTAGE, which was built on major American stock exchange Nasdaq’s trading technology.

Institutional FX

FX volume drops 7pct at CLS Group in July 2022

FX settlement specialist CLS Group today reported that the executed volumes of currency trading on its platforms were notably down in July.

<