TD Ameritrade Now Allows Trading Via Tweet

No need to waste time logging into the app or launching the desktop when you want to buy or sell stock – you can now do it right from the convenience of your DMs on Twitter if you have a TD Ameritrade account.

Starting today (and oh what day to launch ), investors can tweet @tdameritrade or @thinkorswim and receive market updates, stock quotes and research, and even check balances and place trades (you can log into your account TD on the platform, according to a spokesperson). People who are not customers can also access updates and research by submitting a DM.

This is how it works. You send DM to one of the accounts, and he may provide you with market news or information on terms such as “401 (k)”.

You can also send the DM the company name (if listed) or its kicker symbol. It will send you a quote of the company and other information such as the number of tweets about the company and whether the chatter is mostly positive or negative.

And if you have an account with TD Ameritrade, you can buy or sell stocks and ETFs. Sunaina Tuteja, the company’s director of new technology and innovation, says your information is not shared on Twitter, it is just another “container” to provide you with a service. Here’s an example of a deal provided by a company:

Tutya says that the goal is to convey information to investors and make trading more convenient for users. “We’re trying to help you optimize your investment experience,” she says. “We want to contextualize information and make it relevant and relevant to your life so you know what to do with it.” If you have problems, the bot can call a person to help you.

TD offers a similar service on Facebook Messenger and Amazon Alexa. The service is free unless you make a trade, in which case TD’s standard commission is $ 6.95 per trade.

It’s a fun way to learn more about the companies you are interested in investing in – the bot provides real-time information and 30-second videos to inform investors. Personally, I’d rather stay with the app or go to the website, but Tuteya pointed out that many investors use Twitter to keep up to date with market news and communicate with each other, making it a convenient way to communicate. buy and sell in an environment in which they are comfortable. I would be careful if this is too easy. You don’t want to pay huge commissions because it’s so convenient.

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