NEW YORK, Jan. 14, 2009 (GLOBE NEWSWIRE) -- thinkorswim, a financial trading technology pioneer and online brokerage division of thinkorswim Group Inc. (Nasdaq:SWIM), announced today that it has finalized arrangements as the sponsor of "Options Action," a new CNBC program devoted to exploring timely options trading strategies and fundamentals.
"Options Action," a weekly, half-hour show, will air Fridays at 11:30PM ET on CNBC beginning Friday, January 16th. The show will repeat Saturdays and Sundays at 6:00 a.m. (Eastern Time). Hosted by CNBC's Melissa Lee, "Options Action" is a fast-paced, weekly half-hour roundtable discussion with prominent options traders highlighting options strategies and techniques based on news of the week. It will be the only program on cable television focusing on options. thinkorswim's sponsorship of "Options Action" extends to the Internet, with a sponsored blog, podcasts and an html newsletter.
"Our sponsorship of 'Options Action' reflects our long-time commitment to expanding the public's investing know-how," said Lee K. Barba, CEO of thinkorswim Group Inc. "Reaching approximately 400 million homes worldwide, CNBC is the ideal outlet to promote our products and services."
Sponsorship of "Options Action" furthers thinkorswim's commitment to CNBC as a trusted source of financial news and analysis on television or the Internet. thinkorswim also offers CNBC Plus streamed live on its trading platform and has been a sponsor of the annual "CNBC.com Portfolio Challenge" for the past two years.
"Both thinkorswim and Investools are highly respected brands in the investment marketplace and we are pleased that they have chosen to support our programming," said Robert Foothorap, Vice President, CNBC Global Sales Leader. "CNBC is an investor-driven network and, with this sponsorship, we can provide the best content to our highly educated and affluent audience."
About thinkorswim, Inc.
thinkorswim, Inc., the brokerage arm of thinkorswim Group Inc. (Nasdaq:SWIM), is a leading online brokerage and technology provider focused on offering services and a suite of trading platforms for self-directed options traders, active traders, institutional traders and money managers. thinkorswim customers trade a broad range of products including stock and stock options, index options, futures and futures options, forex, mutual funds and fixed income. thinkorswim provides unique front-end trading platforms that allow customers to trade electronically, sophisticated analytical and research tools, and fast, efficient order execution for even the most complex trading strategies. The products and services offered by thinkorswim have received numerous accolades from third parties including Barron's ranking as its top rated software-based online broker and "best for options traders" (March 6, 2006 and March 5, 2007) and second overall on March 15, 2008. thinkorswim was evaluated versus others in eight total categories including investment types that can be traded, the quality of screeners provided to sort through stocks, options, or funds, the consumer-friendliness of trading screens, overall ease-of-use and ability to be customized. thinkorswim topped the list on 2006 and 2007 with the highest weighted average score. Barron's is a registered trademark of Dow Jones & Company(c) 2006, 2007, 2008.
The thinkorswim Group Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5555
For more information about thinkorswim visit www.thinkorswim.com or call 1-866-839-1100.
For more information on Investools, thinkorswim Group Inc.'s education division, visit www.investools.com.
About CNBC:
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to approximately 400 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing www.cnbc.com.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/
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This press release may contain forward-looking statements. Such forward-looking statements may be identified by words such as "believe," "intend," "expect," "may," "could," "would," "will," "should," "plan," or similar statements. All forward-looking statements are based largely on current expectations, beliefs and assumptions concerning future events that are subject to substantial risks and uncertainties. These risks and uncertainties include, but are not limited to: general changes in economic conditions and changes in conditions affecting the financial services industry specifically, regulatory developments that affect the way we market or sell our products and services, our inability to protect our proprietary technology, our ability to sell existing products and services in both new and existing markets, and other factors which are more fully described in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, actual results may vary in material aspects from those currently anticipated. The forward-looking statements made in this press release relate only to events as of the date of this release. We undertake no ongoing obligation to update these statements.