Quirk attributed the increase to a combination of free trading, historic volatility, and people having more time on their hands.
If we got 1 million trades a day we’d say ‘Oh my gosh.’ We get 1 million trades a day on mobile some days now. Six months ago we were doing about 1 million,” said Quirk. “Last month we did 3 million trades a day. Client activity has surged in the wake of the economic crisis caused by the coronavirus, with the company announcing a record number of new accounts last quarter. Though Quirk said thinkorswim Web has been in the works for about a year and a half, the timing of the launch is serendipitous. So we wanted to have this version out there for when that time comes.” “However in a few years they probably will be. “Today a lot of the capabilities that exist on a download can’t be supported on a web-based version,” Steve Quirk, executive vice president of Trading and Education at TD Ameritrade, told Benzinga. The web version of thinkorswim will include most of the same functionality as the download version, and will also be available to the company’s clients in Hong Kong and Singapore.
It marks the company's first browser-based platform since they discontinued Trade Architect last year.
Thinkorswim had previously only been available via download, and the web version is the latest iteration of the software that TD Ameritrade acquired from ThinkorSwim Group in 2009. TD Ameritrade (NASDAQ: AMTD) announced Wednesday the launch of thinkorswim Web, a browser-based version of its award-winning trading platform.
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