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
Thanks for the update RC.
I use a combo setup that employs both the Scottader and the Elite screens all of the time. I am very comfortable with what I have been working with for over a dozen years. I have a set of 11 screens on one and 12 on the other. They are sized to fit my PC screen and I can switch from one to the other and enlarge any of the 23 in one click. Again, very comfortable and familiar. My question is about the platforms Scottrade offers. I am concerned that I will be forced to change my operation and spend a fair amount of time resetting all of my parameters to fit the change to come. What can you share with regards to the existing platform being maintained in a takeover or, even more important to me, what other platform would you recommend to keep on a similar path that I have been using for so long?
Thanks in advance Granpa.
You should be fine. I don’t think much will change.
Scottrade is terrible, there’s no doubt about it. After the data breach I quit them and told them why, there were a lot of long faces around the office that day.
Fidelity has the best algo’s, screens, value added services and intuitive interfaces.
Vanguard is still number 1.
And my kids told me Nintendo sucks so that’s why it’s trending down into the toilet.
I’m hoping for a little more of a dip. I want in $NTDOY.
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