Advertisement
Australia markets closed
  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     
  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     
  • AUD/USD

    0.6419
    -0.0007 (-0.10%)
     
  • OIL

    83.44
    +0.71 (+0.86%)
     
  • GOLD

    2,403.10
    +5.10 (+0.21%)
     
  • Bitcoin AUD

    99,513.20
    +601.77 (+0.61%)
     
  • CMC Crypto 200

    1,381.26
    +68.64 (+5.23%)
     
  • AUD/EUR

    0.6020
    -0.0011 (-0.18%)
     
  • AUD/NZD

    1.0898
    +0.0023 (+0.21%)
     
  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     
  • NASDAQ

    17,037.65
    -356.67 (-2.05%)
     
  • FTSE

    7,895.85
    +18.80 (+0.24%)
     
  • Dow Jones

    37,986.40
    +211.02 (+0.56%)
     
  • DAX

    17,737.36
    -100.04 (-0.56%)
     
  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

Schwab Closes on TD Ameritrade Acquisition

Schwab Closes on TD Ameritrade Acquisition

Charles Schwab (NYSE: SCHW) completed its $22 billion all-stock acquisition of one of its major competitors, TD Ameritrade, on Oct. 6, creating one of the largest brokerage firms in the world. The combined company will have a total of $6 trillion in client assets, 28 million brokerage accounts, and more than 5 million daily average trades. TD Ameritrade is bringing about $1.3 trillion in client assets and 12 million client accounts.