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Schwab to adopt TD Ameritrade's thinkorswim platform

  • Charles Schwab (NYSE:SCHW) will integrate thinkorswim and thinkpipes trading platforms, education and tools into its trader offerings for retail and independent advisor clients after its acquisition of TD Ameritrade (NASDAQ:AMTD-OLD).
  • Schwab expects the integration to take 18 to 36 months to complete after the acquisition closes.
  • Schwab and TD Ameritrade shareholders both approved the proposed acquisition on June 4, the same day the Department of Justice's antitrust division closed its investigation of the deal.

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