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ThinkorSwim Stays Afloat
By:
Justin Kuepper
Wednesday, October 01, 2008 1:37 PM
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thinkorswim Group Inc.
(NDAQ: SWIM) shares jumped higher after the company reported preliminary operating metrics for September 2008 early due to extraordinary price volatility, regulatory intervention and liquidity concerns. During this time period, thinkorswim delivered its 24th consecutive month of record growth by opening 8,550 new accounts, 3,400 funded accounts, executive 63,600 retail DARTs and maintaining client assets of approximately $3.2 billion.
Trading volumes at thinkorswim exceeded 96,000 retail trades in a single day during the month and now expects to outperform analyst consensus for the third quarter. Many brokerages have benefited from from the increased market activity as they have collected more in commissions. However, some brokerages have failed to offset these gains with losses from margin accounts that have defaulted.
thinkorswim Group Inc., formerly Investools Inc. (Investools) operates in two segments: Investor Education and Brokerage Services. The Company offers investor education and brokerage and related financial products and services for self-directed investors. Its Investor Education segment offers a range of investor education products and services that provide learning in a variety of interactive delivery formats.
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Related Press Releases
thinkorswim Reports Operating Metrics for October 2008
Nov 12, 2008 07:00 AM
thinkorswim Group Inc. Reports Third Quarter Financial Results
Oct 30, 2008 04:02 PM
thinkorswim Announces Release of Earnings and Conference Call
Oct 21, 2008 07:01 AM
thinkorswim Reports Final Operating Metrics for September 2008
Oct 09, 2008 07:00 AM
thinkorswim Reports Preliminary Operating Metrics for September 2008
Oct 01, 2008 07:01 AM
Releated SEC Filings
Form 4 THINKORSWIM GROUP INC. For: Aug 15 Filed by: Sosnoff Tom (10K)
Aug 18, 2008 05:03 PM
Form 4 THINKORSWIM GROUP INC. For: Aug 15 Filed by: Sheridan Scott Daniel (10K)
Aug 18, 2008 05:03 PM
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