TD: Not all going swimmingly at Thinkorswim

There are early glitches for subset of clients

Aug 21, 2011 @ 12:01 am

By Bloomberg News

TD Ameritrade Holding Corp. said last week that some of its clients experienced issues with electronic trades after the company integrated its Thinkorswim options broker the previous weekend.

“In general, the integration has gone well, with all clients able to place trades on our platforms,” Kim Hillyer, a spokeswoman for TD Ameritrade, wrote in an e-mail. “However, we are experiencing some issues, impacting a subset of clients and their ability to place trades electronically.”

Ms. Hillyer said that she couldn't give further details about the issues.

TD Ameritrade identified the problem and is “actively working to resolve it,” she said.

The online broker brought more than 250,000 Thinkorswim accounts to the TD platform in the final integration, according to Ms. Hillyer.

TD Ameritrade bought Thinkorswim Group Inc. for $749 million in 2009 to expand beyond equities.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

InvestmentNews celebrates diversity & inclusion in the financial advice business

Highlights of the Excellence in D&I Awards, showcasing the achievements of 26 individuals and firms that are moving the needle when it comes to diversity and inclusion.

Latest news & opinion

Don't be fooled by the numbers — the industry is in a dangerously vulnerable state

Last year's stock market gains helped advisers turn in solid growth in assets and revenue, but that growth could disappear in the next market downturn.

Divided we stand: How financial advisers view President Trump

InvestmentNews poll finds 49.2% approve of his performance, while 46.7% disapprove. How has that changed over the course of his presidency?

10 states with the most college student debt

Residents of these states have the most student debt when you consider their job opportunities.

Ex-Wells Fargo brokers sue for damages, claiming they lost business in wake of scandals

In a Finra arbitration complaint, two brokers allege that Wells Fargo's problems damaged their business.

Invesco to buy OppenheimerFunds

Deal brings Invesco another $246 billion in assets, as well as high-fee actively managed funds.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print