TD Ameritrade, one of the largest online brokers in the United States, has been in the news lately for a variety of reasons. From its acquisition of Scottrade to its recent partnership with E*Trade, the company has been making headlines. But what exactly is happening to TD Ameritrade?
First, let’s take a look at the company’s recent acquisition of Scottrade. In October 2016, TD Ameritrade announced that it had acquired Scottrade for $4 billion. This acquisition was seen as a way for TD Ameritrade to expand its presence in the online brokerage market. The acquisition also allowed TD Ameritrade to gain access to Scottrade’s customer base, which is estimated to be around 4.5 million.
In addition to the acquisition of Scottrade, TD Ameritrade has also recently announced a partnership with E*Trade. This partnership will allow TD Ameritrade to offer its customers access to E*Trade’s trading platform. This will give TD Ameritrade customers access to a wider range of products and services, including options trading, mutual funds, and more.
Finally, TD Ameritrade has also been making moves to expand its presence in the mobile space. The company recently launched a new mobile app, which allows customers to access their accounts and trade on the go. The app also includes features such as real-time quotes, news, and market analysis.
Overall, it’s clear that TD Ameritrade is making moves to expand its presence in the online brokerage market. With its acquisition of Scottrade and its partnership with E*Trade, TD Ameritrade is positioning itself to be a major player in the industry. Additionally, its new mobile app is a sign that the company is looking to stay ahead of the curve in terms of technology. It will be interesting to see what other moves TD Ameritrade makes in the future.
