Charles Schwab has teamed up with TD Ameritrade for
a brand new platform focusing on retail merchants. Dubbed “Schwab Buying and selling Powered by
Ameritrade”, the providing combines the capabilities of Ameritrade’s
thinkorswim buying and selling platforms with Schwab’s current buying and selling options on
Schwab.com and Schwab Cell.
James Kostulias, the Managing Director and Head of
Buying and selling Providers at Charles Schwab stated: “If you’re backed by strong,
revolutionary buying and selling know-how, it makes a distinction. And that applies to each
subtle merchants in addition to those that are simply beginning out.”
“Schwab Buying and selling Powered by Ameritrade is far
extra than simply the merging of nice buying and selling performance that already existed
at Schwab and TD Ameritrade. It is a super-charged, holistic retail buying and selling
expertise that surpasses its predecessors and makes Schwab the clear
vacation spot for buying and selling.”
In addition to that, this partnership is complemented by an
in depth instructional infrastructure and specialised providers. The platform
options instructional sources comparable to articles, movies, podcasts, reside occasions,
programs, and studying paths from TD Ameritrade. Just lately, Schwab launched a
library of content material specializing in explaining the thinkorswim platforms, on-line buying and selling
programs, and interactive webcasts via Schwab Teaching.
Moreover, Schwab Buying and selling Powered by Ameritrade
affords specialised assist via Schwab’s Commerce Desk, staffed by skilled
professionals, together with former flooring merchants. Based on the agency, this group
is well-versed in addressing merchants’ distinctive wants, from establishing complicated
buying and selling methods to providing steerage on potential commerce outcomes.
Schwab Buying and selling Powered by Ameritrade goals to offer
merchants with a complete expertise. They’ll entry Schwab’s full vary of
wealth administration, banking, monetary advisory providers, and extra. The platform reportedly represents an evolution within the retail buying and selling sector, combining the
strengths of the 2 companies.
Increasing Providers amid Financial Challenges
In the meantime, Charles Schwab has launched its monetary
outcomes for the third quarter of 2023, reporting a internet revenue of $1.1 billion.
This determine is decrease than the $2 billion reported in the identical quarter of the
earlier 12 months.
Charles Schwab’s Co-Chairman and CEO, Walt
Bettinger, commented: “In opposition to a really difficult financial and
geopolitical backdrop, traders continued turning to Schwab as a trusted
associate and a wealth administration chief. It’s actually humbling to see our shoppers
award us with near-record Shopper Promoter Scores and permit us the privilege to
assist them transfer towards their monetary targets, notably throughout a interval the place
the U.S. authorities narrowly prevented a shutdown.”
Charles Schwab has teamed up with TD Ameritrade for
a brand new platform focusing on retail merchants. Dubbed “Schwab Buying and selling Powered by
Ameritrade”, the providing combines the capabilities of Ameritrade’s
thinkorswim buying and selling platforms with Schwab’s current buying and selling options on
Schwab.com and Schwab Cell.
James Kostulias, the Managing Director and Head of
Buying and selling Providers at Charles Schwab stated: “If you’re backed by strong,
revolutionary buying and selling know-how, it makes a distinction. And that applies to each
subtle merchants in addition to those that are simply beginning out.”
“Schwab Buying and selling Powered by Ameritrade is far
extra than simply the merging of nice buying and selling performance that already existed
at Schwab and TD Ameritrade. It is a super-charged, holistic retail buying and selling
expertise that surpasses its predecessors and makes Schwab the clear
vacation spot for buying and selling.”
In addition to that, this partnership is complemented by an
in depth instructional infrastructure and specialised providers. The platform
options instructional sources comparable to articles, movies, podcasts, reside occasions,
programs, and studying paths from TD Ameritrade. Just lately, Schwab launched a
library of content material specializing in explaining the thinkorswim platforms, on-line buying and selling
programs, and interactive webcasts via Schwab Teaching.
Moreover, Schwab Buying and selling Powered by Ameritrade
affords specialised assist via Schwab’s Commerce Desk, staffed by skilled
professionals, together with former flooring merchants. Based on the agency, this group
is well-versed in addressing merchants’ distinctive wants, from establishing complicated
buying and selling methods to providing steerage on potential commerce outcomes.
Schwab Buying and selling Powered by Ameritrade goals to offer
merchants with a complete expertise. They’ll entry Schwab’s full vary of
wealth administration, banking, monetary advisory providers, and extra. The platform reportedly represents an evolution within the retail buying and selling sector, combining the
strengths of the 2 companies.
Increasing Providers amid Financial Challenges
In the meantime, Charles Schwab has launched its monetary
outcomes for the third quarter of 2023, reporting a internet revenue of $1.1 billion.
This determine is decrease than the $2 billion reported in the identical quarter of the
earlier 12 months.
Charles Schwab’s Co-Chairman and CEO, Walt
Bettinger, commented: “In opposition to a really difficult financial and
geopolitical backdrop, traders continued turning to Schwab as a trusted
associate and a wealth administration chief. It’s actually humbling to see our shoppers
award us with near-record Shopper Promoter Scores and permit us the privilege to
assist them transfer towards their monetary targets, notably throughout a interval the place
the U.S. authorities narrowly prevented a shutdown.”
