Friday, June 18, 2021

Thinkorswim trading software available to Ontario investors

Internet brokerage expands its trading platform to Canadian province with future plans to move into the rest of the country

Chicago-based online brokerage firm Thinkorswim Inc. announced Thursday its expansion into Canada.

The company is opening up its trading platform software to Canadian investors exclusively in Ontario for the time being, but it does have plans to expand across the country following regulatory approval. Thinkorswim President Tom Sosnoff said the growing sophistication of self-directed traders in Canada has matched that of their U.S. counterparts.

In September 2007, Thinkorswim became the first retail brokerage to licence CNBC Plus, which integrates the financial television station’s streaming video content into the Thinkorswim trading platform. Sosnoff said he hopes innovations such as these will be attractive to active investors in the expanding Canadian market.

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