TD Ameritrade - Simple English Wikipedia, the free encyclopedia

TD Ameritrade Holding Corporation

Company type	Public company
Traded as	NASDAQ: AMTD Russell 1000 Index component
Founded	1971; 53 years ago (1971)
Headquarters	Omaha, Nebraska
Revenue	$3.327 billion (FY 2016)[1]
Website	www.tdameritrade.com

TD Ameritrade is a company that lets customers buy and sell stocks and other financial securities. It has headquarters in Omaha, Nebraska.

The company received its current name in January 2006, when Ameritrade Holding Corporation acquired TD Waterhouse from Toronto-Dominion Bank and was renamed TD Ameritrade.^[2][3]

History[change | change source]

In 1975, the company was founded as First Omaha Securities by Joe Ricketts^[4]. In 1983, Ameritrade Clearing Inc. was established as a central counterparty clearing broker^[5]. In 1988, the company introduced the first quote and order entry system via the push-button telephone.

In March 1997, the company became a public company via an initial public offering. In 2006, Ameritrade purchased the American operations of TD Waterhouse from TD Bank Group. The combined company was renamed TD Ameritrade, and TD Bank Group was given a 39% stake in the company. As part of the deal, Ameritrade sold its Canadian operations to TD Bank who merged them with TD Waterhouse Canada.^[6]

In January 2009, TD Ameritrade acquired thinkorswim in a cash and stock deal valued around $606 million. In 2013, the company opened a $250 million headquarters in Omaha. In 2017, the company acquired the stock brokerage division of Scottrade. In April 2018, TD Ameritrade and Havas placed the first advertisement inserted within the bitcoin blockchain.

References[change | change source]

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