SPX Credit Spread Trader

Hey, Mav:

How about answering the question on our minds. Do you have retail accounts and, as your friends what kind of terms can we look forward to [don't look back at any nasty posts I may have made about you in the past; let's look to the future :)]

Thanks.

Quote from Maverick74:

TOS had net income last year of 7 million I believe. Maybe 11 million tops. Investools made at least 5 times that if not more.
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Well of course a person cannot turn down big money. But I like to have thought that they were already on their way to big money doing it their way.

I forsaw an IPO like OX and IB in the near future and that is how I saw them cashing out- keeping their baby in tact while raking in major $$$$.

Selling out works too, but then there is a reason they call it that lol...


Quote from Maverick74:

Phil, you are drinking the funny juice again. Tom cashed out big time. Game over. Would you turn that kind of money away? Of course not. You would take the money and run! I confirmed, TOS had 11 million in net income last year.
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Rdemyan.. let me handle this lol, I already brought a lot of accounts to VT lol lol lol lol....

Honestly the only difference for you is that you have to take the Series 7. Spend 6 weeks studying and take it and then go VT ;).

Quote from rdemyan:

Hey, Mav:

How about answering the question on our minds. Do you have retail accounts and, as your friends what kind of terms can we look forward to [don't look back at any nasty posts I may have made about you in the past; let's look to the future :)]

Thanks.
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$340mm... Holy Geebus. Amazing $ for a sh*tty platform. I bet comms triple in a year. Forget about exchange minimums. Futures? :p

Talk about going to the Dark Side.
 
For the 12 months ended June 30, 2006, thinkorswim generated revenue and net income of $45.1 million and $11.2 million, respectively, after adjusting for certain items. Key retail performance metrics for August 2006 for thinkorswim include the following:

-- Total funded accounts: 15,300;

-- Daily average revenue trades (DARTs): 7,500;

-- Client assets: $826 million;

-- Annual churn rate: 12%.

SOURCE: INVESTools Inc.
 
You got it, Coach. LOL

Do you have the v trader website address? My searches aren't giving me any results.

Quote from optioncoach:

Rdemyan.. let me handle this lol, I already brought a lot of accounts to VT lol lol lol lol....

Honestly the only difference for you is that you have to take the Series 7. Spend 6 weeks studying and take it and then go VT ;).
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I just listened to the conference call on the merger and didn't get an impression that this is all bad for us, TOS customers, but at the same time, I don't quite see any benefits for us either as it looks like the main beneficiaries are the Investools customers, but we shall see.

The main pitch for TOS customers seems to be the increased size of the development team, but then one has to ask what will they be working on - further developemnt of the TOS platform as it has been the case up until now or intergration of Investools and TOS platform!?

In any case, I'm staying optimistic for now...only time will tell...

Good trading to all!
 
Reply from Tom Sosnoff, CEO, Thinkorswim.

----- Original Message -----
From: Tom Sosnoff
To: Krishna
Cc: Scott Sheridan ; Sol Espinosa
Sent: Wednesday, September 20, 2006 7:36 PM
Subject: RE: thinkorswim: Yup. We're gettin' hitched.

Hi Krishna,

It’s great to hear from you and thanks for the nice feedback and kind words. This merger is going to add tons of technology to the TOS platform and we are even expanding our free classes under Option Planet to a record number of events in 2007…….Not to worry at all – this news is good for all TOSers (and yes, we (Scott and I) still will make all the decisions within the TOS world. We are also the largest shareholders in the combined entity and I promise that every change will be for the benefit of our clients!). Nobody works harder or is more dedicated to retail traders and customers than TOS – everyone knows that. We would never risk what we worked so hard to build!

Have a great day and you can post this!

Warm regards,
Tom

Tom Sosnoff
866 839 1100 ext 3274
773 435 3274 direct
773 435 3232 fax

thinkorswim, inc.
600 west chicago avenue, suite #100
chicago, IL 60610

Member NASD | SIPC
trademark, all rights reserved
----------------------------------
This e-mail is sent by a financial firm and contains information that may be privileged and confidential. If you are not the intended recipient, please delete the e-mail and notify us immediately.

-----Original Message-----
From: Krishna
Sent: Wednesday, September 20, 2006 1:29 AM
To: Tom Sosnoff
Cc: Scott Sheridan
Subject: Re: thinkorswim: Yup. We're gettin' hitched.

Dear friends,

First of all congratulations on this news. That is a success story. You guys did a great job - I make it a point to say this to whichever TOS employee / owner I get in touch with, because every time the service is excellent. And you deserve this success.

We, as customers, are concerned (not worried). Will TOS, as we have known it, be the same?

You might have heard about the www.elitetrader.com SPX Credit Spread thread started by option coach (Phil Budwick). I'm a regular reader of this thread. You may want to check out http://www.elitetrader.com/vb/showthread.php?threadid=49586&perpage=6&pagenumber=1705 and the following 5 pages. You may want to fix this before it gets too bad to repair.

Will you all be with TOS? Eager to know, because you have put the value system in place and we will want you to stay and grow the firm to much greater heights. How long is the contractual obligation for you to stay with TOS?

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Would really appreciate your reply. Thank you very much.

Warm regards,
Krishna
 
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