Thinkorswim, a financial trading technology pioneer and online brokerage division of thinkorswim Group (NasdaqGM:SWIM), today unveiled thinkShare, a first-to-market advanced web-based and software-enabled trade sharing platform.
thinkShare is available to the public at thinkorswim's MyTrade site where members post current trades and timely trading ideas. The trades can be captured, analyzed and acted on through the thinkorswim trading platform.
``With thinkShare retail traders and trade advisors can instantly post any stock, option, futures or FX order to the MyTrade community with a single mouse click,'' explained Andy Swan, founder of MyTrade and thinkorswim technologist. ``Then, anyone watching for posts can easily create that same order in their thinkorswim account. The speed with which one customer can create and post a trade and another can copy and enter that order is unprecedented.''
``Because of our experience integrating technology, education and community -- we have chosen to go the vendor independent route to bring our clients a truly unique, next level trade sharing experience -- this is not your typical Twitter or social networking site connection,'' said Tom Sosnoff, President of thinkorswim, Inc. ``thinkShare is an easy way for our clients to communicate trading ideas with one another, both on our live trading and paper Money platforms. Since we deliver best of breed technology, we have some of the most knowledgeable and active retail traders in the world, and they want to learn from each other.''