thinkorswim acquired by ameritrade.
- Thread starter gaj
- Start date
Is Quotetracker a Java based program ?
Realtick is raw unadulterated data. Why i use it. And yes, the price is a joke but they don't care about the small fish. They have several institutions using their platform. I am looking for another raw feed though with similar capabilities so if anyone can suggest a feed please do. As for customer service, some douche is liable to answer the tech support phone but usually shiite gets done and fixed....Aside from the massive failures i recall several years ago. Also, you best have a decent machine and good lines to pull their data.
Cheers
yeesh, sorry bout that, my comments didn't go through. try again..
Landis82, thanks for the reply, you sound like a credible guy esp if you were associated with "trader Vic".
My scepticism comes from the fact that in my years of trading, the real guys don't use TD Ameritrade. Perhaps you've found a workable deal with them. That's unusual.
I know some pretty good traders (and make zero claims about myselt except for I've been in the biz full time for some years now) and nobody I know would touch them. Again, kudos I won't dispute your statements.
To all those traders who think the acquisition is a bad thing I agree. Unlike their other mergers and acquisitions, this one means TOS is "owned". Oh sure they'll (TOS) exert influence for a while but TD is now the judge jury and executioner (sorry for the pun).
Grandfathered commish can only be temporary, TOS has always had the right to change commish, and they will here after a few months under pressure from their parent.
Landis82, thanks for the reply, you sound like a credible guy esp if you were associated with "trader Vic".
My scepticism comes from the fact that in my years of trading, the real guys don't use TD Ameritrade. Perhaps you've found a workable deal with them. That's unusual.
I know some pretty good traders (and make zero claims about myselt except for I've been in the biz full time for some years now) and nobody I know would touch them. Again, kudos I won't dispute your statements.
To all those traders who think the acquisition is a bad thing I agree. Unlike their other mergers and acquisitions, this one means TOS is "owned". Oh sure they'll (TOS) exert influence for a while but TD is now the judge jury and executioner (sorry for the pun).
Grandfathered commish can only be temporary, TOS has always had the right to change commish, and they will here after a few months under pressure from their parent.
TOS is dead !
Even with all their upgrades for the new year still no DOM @ TOS. Now im sure it will get done! 
A few people have mentioned in this thread about the Thinkorswim platform and the Thinkorswim programmers.
It seems most people don't realize that the Thinkorswim software and platform development is actually outsourced to a Russian software development company, Dev Experts:
http://www.devexperts.com/clients/thinkorswim/
I don't know if Thinkorswim actually own any part of this company but it seems that they aren't necessarily part of this acquisition directly.
Anyway, it seems that Thinkorswim is basically just being renamed as Ameritrade Active Trader Division or something so this acquisition is probably much ado about nothing. Tom and Scott are obviously smart guys.
Good for them.
Yes, that's one possible implication though we don't know all of the ins-and-outs of the contract and arrangement e.g. exclusivity that Thinkorwsim has with Dev Experts and intellectual property issues etc.
In any case, when the existing contract between Thinkorswim and Dev Experts is up, Dev Experts may be in a very strong position to take advantage of Ameritrade.
If the Thinkorswim brand will be replaced and if Thinkorswim customers jump ship and if the technology skill and know-how for the much-praised Thinkorswim platform isn't actually part of Thinkorswim...what have Ameritrade actually acquired for $600m?