It appears that Nicole Sherrod and friends are slowely taking over the online broker business. As a thinkorswim user, which is a TD company, I say welcome to the family Scottrade.
This was a good move for scottrade, as a former customer, they need some help on the tech side. TD has some of the best tech, thanks to their Thinkorswim aquisition. Please hook them up TOS team, they need it.
The hellocopter is cool, they should definitely keep the hellocopter. Here are the details:
TD Ameritrade Holding Corp. and its largest stakeholder, Toronto-Dominion Bank, are nearing a deal to buy online brokerage Scottrade Financial Services Inc. for $4 billion, according to people with knowledge of the matter.
TD Ameritrade would acquire Scottrade’s brokerage operations for about $2.7 billion in cash and stock, while Toronto-Dominion would purchase Scottrade’s banking operations for $1.3 billion in cash, the people said, asking not to be identified because the talks aren’t public. The takeover may be announced as soon as Monday before markets open in North America, the people said. READ MORE