CHICAGO and NEW YORK, April 13, 2009 (GLOBE NEWSWIRE) -- thinkorswim, Inc. (http://thinkorswim.com), a financial trading technology pioneer and online brokerage division of thinkorswim Group Inc. (Nasdaq:SWIM), today unveiled thinkShare, a first-to-market advanced web-based and software-enabled trade sharing platform. thinkShare is available to the public at thinkorswim's MyTrade (http://mytrade.com/) site where members post current trades and timely trading ideas. The trades can be captured, analyzed and acted on through the thinkorswim trading platform.
"With thinkShare retail traders and trade advisors can instantly post any stock, option, futures or FX order to the MyTrade community with a single mouse click," explained Andy Swan, founder of MyTrade and thinkorswim technologist. "Then, anyone watching for posts can easily create that same order in their thinkorswim account. The speed with which one customer can create and post a trade and another can copy and enter that order is unprecedented."
"Because of our experience integrating technology, education and community -- we have chosen to go the vendor independent route to bring our clients a truly unique, next level trade sharing experience -- this is not your typical Twitter or social networking site connection," said Tom Sosnoff, President of thinkorswim, Inc. "thinkShare is an easy way for our clients to communicate trading ideas with one another, both on our live trading and paper Money platforms. Since we deliver best of breed technology, we have some of the most knowledgeable and active retail traders in the world, and they want to learn from each other."
thinkorswim was rated #1 overall online broker in Barron's ranking of online brokers, March 16, 2009, highest software-based online broker and "best for options traders," March 16, 2006 and March 5, 2007, and second overall, March 15, 2008. MyTrade is thinkorswim's online social-networking content platform for investors and traders of all experience levels. thinkorswim was evaluated versus others in eight total categories, including trade experience/execution, trading technology, usability, range of offerings, research amenities, portfolio analysis & reporting, customer service & access and costs.
About thinkorswim, Inc.
thinkorswim, Inc., the brokerage arm of thinkorswim Group Inc. (Nasdaq:SWIM), is a leading online brokerage and technology provider focused on offering services and a suite of trading platforms for self-directed options traders, active traders, institutional traders and money managers. thinkorswim customers trade a broad range of products including stock and stock options, index options, futures and futures options, forex, mutual funds and fixed income. thinkorswim provides unique front-end trading platforms that allow customers to trade electronically, sophisticated analytical and research tools, and fast, efficient order execution for even the most complex trading strategies. The products and services offered by thinkorswim have received numerous accolades from third parties including Barron's ranking as its top rated software-based online broker and "best for options traders" (March 6, 2006 and March 5, 2007) and second overall on March 15, 2008. thinkorswim was evaluated versus others in eight total categories including investment types that can be traded, the quality of screeners provided to sort through stocks, options, or funds, the consumer-friendliness of trading screens, overall ease-of-use and ability to be customized. thinkorswim topped the list on 2006 and 2007 with the highest weighted average score. Barron's is a registered trademark of Dow Jones & Company(c) 2006, 2007, 2008.
The thinkorswim Group Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5555
For more information about thinkorswim visit www.thinkorswim.com or call 1-866-839-1100.
For more information on Investools, thinkorswim Group Inc.'s education division, visit www.investools.com.