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Thinkorswim, Inc. was founded in 1999 by Tom Sosnoff and Scott Sheridan as an online brokerage specializing in options. [2] It was funded by Technology Crossover Ventures. [3] In February 2007, Investools acquired Thinkorswim. [4] In January 2009, it was acquired by TD Ameritrade in a cash and stock deal valued around $606 million.
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 January 2009, TD Ameritrade acquired thinkorswim in a cash and stock deal valued around $606 million. [ 6 ] [ 7 ] [ 8 ] In 2013, the company opened a $250 million headquarters in Omaha. [ 9 ] In 2017, the company acquired the stock brokerage division of Scottrade .
Tom Sosnoff (born March 6, 1957) is an entrepreneur, options trader, co-founder of Thinkorswim [1] and tastytrade, and founder of Dough, Inc. He was senior vice president of trading and strategic initiatives at TD Ameritrade.
For sophisticated investors, TD Ameritrade offers thinkorswim, a powerful set of investment tools oriented specifically at investors who make frequent or complex trades. If you aren’t looking ...
The SEC had maintained a net capital rule since 1944, but had exempted broker-dealers subject to "more comprehensive" capital requirements imposed by identified exchanges such as the New York Stock Exchange (NYSE). The 1975 uniform net capital rule continued many features of the existing SEC net capital rule, but adopted other (more stringent ...
The New York Stock Exchange reopened that day following a nearly four-and-a-half-month closure since July 30, 1914, and the Dow in fact rose 4.4% that day (from 71.42 to 74.56). However, the apparent decline was due to a later 1916 revision of the Dow Jones Industrial Average, which retroactively adjusted the values following the closure but ...
A company's net current asset value (NCAV) can be calculated as: Net Current Asset Value (NCAV) = Total Current Assets - Total Liabilities. And a company's market cap is calculated as: Market Capitalization (MC) = Number of Shares Outstanding × Current Price per share If NCAV > MC then the stock is considered undervalued. [3] [4]