Charles Schwab Launches Retail Trading Platform, Schwab Trading Powered by Ameritrade

The US brokerage company Charles Schwab announced on Monday (October 16, 2023) the introduction of Schwab Trading Powered by Ameritrade, a retail trading offering combining the premier trading capabilities of Charles Schwab and TD Ameritrade.

TD Ameritrade , a leader in US retail trading, was acquired by Charles Schwab at the end of 2020.

Specifically, Schwab Trading Powered by Ameritrade integrates the award-winning thinkorswim trading platforms with Schwab's trading capabilities on Schwab.com and Schwab Mobile, along with extensive trading education and specialized service designed for traders of all types and levels of expertise.

The thinkorswim platforms deliver powerful charting and analytics tools, trader-friendly navigation, and extensive customization.

"Schwab Trading Powered by Ameritrade is much more than just the merging of great trading functionality that already existed at Schwab and TD Ameritrade. It's a super-charged, holistic retail trading experience that surpasses its predecessors and makes Schwab the clear destination for trading," noted James Kostulias, Managing Director and Head of Trading Services at Charles Schwab.

Trading has accounted for approximately one-fifth of Schwab's revenue over the past two years, added Kostulias.

In the second quarter of 2023, Charles Schwab reported $2.9 billion revenue​, representing a drop of 9% compared to Q2 2022.