Hints and tips:
...The decline in revenues was partly related to the loss of a large client, Thinkorswim, a retail options broker and unit of TD Ameritrade, as well as a drop in volumes by proprietary trading firms amid volatile...
...“I wanted to call them ‘quickies’,” recalls Mr Sosnoff, who came up with the idea while running Thinkorswim, the online options brokerage he co-founded in 1999....
...In 2009, TD Ameritrade acquired thinkorswim, an options trading platform and trading education group. Trading generates about 20 per cent of Schwab’s revenues....
...High-speed trading groups such as Infinium Capital Management and Jump Trading are headquartered there, as are derivatives brokerages Penson GHCO and thinkorswim....
...Joe Kinahan, chief derivatives strategist at Thinkorswim, said: “The magnitude of the move has surprised a lot of people.”...
..., if somebody doesn’t step in to fill the gap they will leave in the market, it will have an effect on medium-sized businesses and so on unemployment,” said Joe Kinahan, chief derivatives strategist at Thinkorswim...
...cannot play in Goldman’s league, so investors will focus more on earnings from JPMorgan and Wells Fargo to give them a sign on how financials are doing,” said Joe Kinahan, chief derivatives strategist at thinkorswim...
...The proposed deal – which gives thinkorswim shareholders $3.34 in cash and 0.398 of an Ameritrade share plus for each thinkorswim share – values thinkorswim at $8.71 per share, 54 per cent more than Wednesday...
...“The rally is being overdone,” said Joe Kinahan, chief derivatives strategist at thinkorswim....
...“The jobless claims number is the one that traders really care about,” said Joe Kinahan, chief derivatives strategist at thinkorswim, who downplayed the significance of the retail figures....
...Joe Kinahan, chief derivatives strategist at Thinkorswim, an online brokerage, said: “Wachovia presented a plan this morning, they cut their dividend – they are doing something....
...Joe Kinahan, chief derivatives strategist at Thinkorswim.com, an online brokerage, said: “Historically, we tend to rally before a patriotic holiday....
...“A lot of retail investors are becoming self-directed and trading directly in the market,” said Joe Kinahan, chief derivatives strategist at Thinkorswim, an online brokerage....
...“There is a lot of cash on the sidelines [with investors] desperate for good news so they can get to work and start making some real returns,” said Joe Kinahan, chief derivatives strategist at Thinkorswim.com...
...Joe Kinahan, chief derivatives strategist at thinkorswim, said the market was now caught at important technical levels on both the S&P 500 futures contract and the CBOE Vix index, Wall Street’s so-called...
...“Investors are trying to find a bottom in both the credit and equity markets,” said Joe Kinahan, chief derivatives strategist at thinkorswim.com, an online brokerage....
...“It’s a very inexpensive product for investors who want to give themselves a very small hedge,” says Tom Sosnoff, chief executive of thinkorswim, a Chicago-based retail options broker....
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