A brokerage industry leader, Ameritrade received a four-star rating in the 2005 Barron's Review of Online Brokers for its Apex active trader program. The company, a subsidiary of Ameritrade Holding Corporation, is a leading online deep discount brokerage firm and is a provider of online clearing and execution services for brokers. Services include the confirmation, receipt, settlement, delivery and record-keeping functions involved in the processing of securities transactions. Ameritrade s parent company has provided investment services to self-directed individuals through its brokerage subsidiaries since 1975. As of June 2005, the company totaled more than 3.6 million client accounts and $78.8 billion in client assets. Joseph H. Moglia has been the chief executive officer of TD Ameritrade for more than five years. Moglia holds a bachelor s degree from Fordham University and an MS degree from the University of Delaware. The company averaged nearly 160,000 trades per day.