placing options orders td ameritrade thinkorswim

In response to reports of the glitch, the company said the problem arose when 250,000 clients were moved to TD Ameritrade, which forced them to place orders by phone. White said, “but that’s exactly when it happened.” ”I don’t know what caused the glitch,” Mr. Representatives of TD Ameritrade declined to comment on the case.Īs part of the integration in August, TD Ameritrade shifted thinkorswim’s clearing arrangement from Penson Worldwide Inc to its own system.

in 2009, primarily for its options-trading technology. “My clients were not able to get through to in a timely manner” and place trades via phone or chat, said their lawyer, Daxton White, founder of The White Law Group LLC.Īll of the traders were original thinkorswim clients who traded on a margin-account platform that was reserved for the most experienced and active options traders, according to the claim. They are asking for $8.2 million in damages. The traders claim the firm then sold out positions to meet margin calls, compounding their losses. The arbitration, filed late last month by two investment funds and five individuals, alleges that during the market drop in August, TD Ameritrade’s option-trading system would not accept trades that would have reduced risk. has been hit with an $8 million arbitration claim by a group of options traders who say they lost money last summer during final integration of the thinkorswim trading platform. Orders placed by other means will have additional transaction costs.TD Ameritrade Inc. Spreads, Straddles, and other multiple-leg option orders placed online will incur $0.65 fees per contract on each leg.

Prior to trading options, you should carefully read Characteristics and Risks of Standardized Options. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Trading foreign exchange on margin carries a high level of risk, as well as its own unique risk factors. Clients must consider all relevant risk factors, including their own personal financial situation, before trading. Trading stocks, options, futures and forex involves speculation, and the risk of loss can be substantial. Past performance of a security or strategy is no guarantee of future results or investing success. Market volatility, volume and system availability may delay account access and trade executions. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union. Do Not Sell or Share My Personal Information

Placing options orders td ameritrade thinkorswim