In the 14th Barron’s Annual Survey of the best online brokerage software, thinkorswim trading platform developed by Devexperts for thinkorswim Inc. — a leading US online broker — was ranked 4 out of 5 possible stars for the 4th year in a row!
The company had zero downtime in 2008; quite a few other brokers hit bumps in the road during heavy trading days as the market plummeted. “Even with the market down 50%, our customer assets are at an all-time high,” claims thinkorswim’s president, Tom Sosnoff.
Thinkorswim trading platform is developed for electronic futures, options and stock trading in real time and the majority of its users are private traders. The platform includes comprehensive, yet easy-to-use functionality for all levels of trading experience.
This time Barron’s survey was focused on trading platforms that enable to receive live market data and make trades from mobile devices. The survey showed that over three-quarters of wealthy Americans with at least $1 million in traded assets use the Internet to gather financial-management information, while more than half use it for stock trading and/or banking transactions. The study, conducted on behalf of U.S. Trust in November 2008, noted that 40% use online methods to communicate with their financial advisers. Fifty-two percent of respondents to the survey who have more than $10 million in traded assets report that they use a mobile device to view financial information.
The full set of thinkorswim functionality is also available through a wireless software application to provide easy personal trading possibility on any Pocket PC enabled device including Blackberry and iPhone. The mobile application is based on the same advanced technologies that are applied in the desktop version of thinkorswim trading platform.
Along with the desktop version, the mobile application benefits from FIX protocol connectivity that allows for direct access to major stock, options and futures markets in real time and is configured to work with all major executing brokers required for effective trading and brokerage practices.
ABOUT THINKORSWIM INC:
Thinkorswim Inc., founded in 1999 and headquartered in Chicago, is a leading online brokerage company specializing in options. The company supports retail and institutional traders through its own trading platforms which are widely recognized as the industry’s best for execution, professional analytics and real-time position management. thinkorswim has revolutionized the option industry by teaching and executing complex, non-directional option strategies with single-click functionality that has now become the industry standard. thinkorswim Inc. continues to evolve the financial marketplaces by delivering products that benefit the customer whether they are hedging, speculating or enhancing returns. More information about thinkorswim Inc. can be found at: www.thinkorswim.com
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