thinkorswim acquired by ameritrade.

so the clearing operations will shift away from Penson to td's self-clearing?

i remember so well what happened to cybertrader after schwab acquired them. straight downhill to zero.
 
I can not believe all of the negative posts on this deal.

I for one will give Tom, Scott and company credit for a job well done. They have made a commitment to stay put and accept the challenge of making the platform and support even better going forward. At least you should give them a chance.

Lets check back in 8-10 months and see if they delivered.
 
Within the conference call, it was announced that the two firms will operate as separate firms until the deal is closed. Also Tom Sosnoff will head the active trading segment of the merged company.

Moreover, the customer personnel from TOS indicated that futures and forex will continue to be cleared through Penson. Stocks and options will clear through Penson only until it expires in 2010. It will then be cleared through TD Ameritrade.
 
Quote from schizo:

Within the conference call, it was announced that the two firms will operate as separate firms until the deal is closed. Also Tom Sosnoff will head the active trading segment of the merged company.

Moreover, the customer personnel from TOS indicated that futures and forex will continue to be cleared through Penson. Stocks and options will clear through Penson only until it expires in 2010. It will then be cleared through TD Ameritrade.
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Thank You.
:)
 
Quote from Sandybestdog:
Wow I can’t believe they sold out. I thought they were better than that.
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Seriously? What's not to believe? The founders built a business and got an offer they couldn't refuse. That's the way business works. They were probably hoping for a good offer, and they got it.
 
After listening to Tom and Scott after market close today for the TOS traders, I feel ALOT better about this. Listen to them whenever they have the meeting up on the site and you will be surprised.
 
what about those(who are many) who have negotiated rates due to high vol? if they change my rates ever i'm gone. this sucks shit. why did swim have to sell out they were kicking ass and could have soild at $30 in good times easy
 
Quote from mike007:

After listening to Tom and Scott after market close today for the TOS traders, I feel ALOT better about this. Listen to them whenever they have the meeting up on the site and you will be surprised.
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I agree. Tom Preston was in the chat room before the chat answering questions as well. It seems like for current TOS customers, not much will change
 
TOS welcomes Stew. Or is it Datek customers? I dunno.

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