Question-and-Answer Session
Operator
(Operator Instructions). We'll take our first question today from Rich Repetto of Sandler O'Neill.
Rich Repetto - Sandler O'Neill
The first question is, outstanding platform, but the thinkorswim stocks prices certainly been impacted by an SEC investigation. I'm just trying to understand your due diligence and how you come out with the comfort level in dealing with that issue?
Fred Tomczyk
As with any acquisition and due diligence, we did a pretty thorough investigation by a particular point and we are fairly comfortable where things are at right now. I think to call any further on that, I think it'll be inappropriate at this time, to go in any depth on it. We normally don't comment on things that are in process from a legal point of view.
Rich Repetto - Sandler O'Neill
Understood, okay. The next question is, you went through the synergies, it makes a lot of sense what you talk about because thinkorswim has a unique platform. But on the breakout could you get into, just in general terms, is it half revenue synergies and half expense synergies and of the expenses, is it mostly just the clearing expense?
Bill Gerber
It's about 70% revenue and the expense certainly is the biggest pieces from expense clearing, but it's again the clearing tech and the corporate functions make up the 100% of the cost.
Rich Repetto - Sandler O'Neill
Okay. My last question Fred is, you led it out grade, it makes sense that you are the skill player as far as trading. Did you have the balance and how this moves forward, the asset gathering, or how do you look at balance? I can guess its revenue safe, but do you balance the goals and asset gathering as you add skill on the trading side here?
Fred Tomczyk
As I have been saying, we are trying to become a premier asset gatherer, but not by jettisoning our leadership position in the trading side. The reality is that everything that we're trying to build today, as we look all over the next two to three years on the trading side, this transaction gets us there. When we look that, we actually, we basically said well, that's actually is easier for us. We can get the integration done with the fair number of our people and allow a large portion of our organization to continue to focus on the asset gathering side.
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