AMTD IDEA Group

AMTD

TD Ameritrade is a broker that offers an electronic trading platform for the trade of financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, cryptocurrency, mutual funds, and fixed income investments. It also provides margin lending, and cash management services.The company was founded as Ameritrade in 1971 before the company acquired competitor TD Waterhouse from Toronto-Dominion Bank in 2006. The newly combined company was then renamed TD Ameritrade, with Toronto-Dominion Bank keeping about 40 percent minority ownership. In October 2020, Charles Schwab Corporation acquired TD Ameritrade in a $22-billion stock deal that gave Toronto-Dominion Bank 13 percent minority ownership in Charles Schwab.TD Ameritrade was originally based in Omaha, Nebraska, with major trading centers in Southlake, Texas and St Louis, Missouri. Charles Schwab plans to move most of the operations to a new combined headquarters in the Dallas–Fort Worth metroplex.

AMTD IDEA Group has been a target of short sellers for a while. The current short interest of 0.01% is roughly at the average of the last 12 months (0.05%).