diff --git a/spec/operators/throttle-spec.ts b/spec/operators/throttle-spec.ts
index bdbefa4bcf..bf2226adbe 100644
--- a/spec/operators/throttle-spec.ts
+++ b/spec/operators/throttle-spec.ts
@@ -337,4 +337,40 @@ describe('Observable.prototype.throttle', () =>  {
       }
     );
   });
+
+  describe('throttle(fn, { leading: true, trailing: true })', () => {
+    asDiagram('throttle(fn, { leading: true, trailing: true })')('should immediately emit the first value in each time window', () =>  {
+      const e1 =   hot('-a-xy-----b--x--cxxx--|');
+      const e1subs =   '^                     !';
+      const e2 =  cold( '----|                 ');
+      const e2subs =  [' ^   !                 ',
+                       '          ^   !        ',
+                       '                ^   !  '];
+      const expected = '-a---y----b---x-c---x-|';
+
+      const result = e1.throttle(() =>  e2, { leading: true, trailing: true });
+
+      expectObservable(result).toBe(expected);
+      expectSubscriptions(e1.subscriptions).toBe(e1subs);
+      expectSubscriptions(e2.subscriptions).toBe(e2subs);
+    });
+  });
+
+  describe('throttle(fn, { leading: false, trailing: true })', () => {
+    asDiagram('throttle(fn, { leading: false, trailing: true })')('should immediately emit the first value in each time window', () =>  {
+      const e1 =   hot('-a-xy-----b--x--cxxx--|');
+      const e1subs =   '^                     !';
+      const e2 =  cold( '----|                 ');
+      const e2subs =  [' ^   !                 ',
+                       '          ^   !        ',
+                       '                ^   !  '];
+      const expected = '-----y--------x-----x-|';
+
+      const result = e1.throttle(() =>  e2, { leading: false, trailing: true });
+
+      expectObservable(result).toBe(expected);
+      expectSubscriptions(e1.subscriptions).toBe(e1subs);
+      expectSubscriptions(e2.subscriptions).toBe(e2subs);
+    });
+  });
 });
diff --git a/spec/operators/throttleTime-spec.ts b/spec/operators/throttleTime-spec.ts
index 3c40c6ffc1..df33d664d5 100644
--- a/spec/operators/throttleTime-spec.ts
+++ b/spec/operators/throttleTime-spec.ts
@@ -7,6 +7,7 @@ declare const hot: typeof marbleTestingSignature.hot;
 declare const cold: typeof marbleTestingSignature.cold;
 declare const expectObservable: typeof marbleTestingSignature.expectObservable;
 declare const expectSubscriptions: typeof marbleTestingSignature.expectSubscriptions;
+declare const time: typeof marbleTestingSignature.time;
 
 declare const rxTestScheduler: Rx.TestScheduler;
 const Observable = Rx.Observable;
@@ -141,4 +142,32 @@ describe('Observable.prototype.throttleTime', () => {
     expectObservable(e1.throttleTime(50, rxTestScheduler)).toBe(expected);
     expectSubscriptions(e1.subscriptions).toBe(subs);
   });
+
+  describe('throttleTime(fn, { leading: true, trailing: true })', () => {
+    asDiagram('throttleTime(fn, { leading: true, trailing: true })')('should immediately emit the first value in each time window', () =>  {
+      const e1 =   hot('-a-xy-----b--x--cxxx--|');
+      const e1subs =   '^                     !';
+      const t =  time( '----|                 ');
+      const expected = '-a---y----b---x-c---x-|';
+
+      const result = e1.throttleTime(t, rxTestScheduler, { leading: true, trailing: true });
+
+      expectObservable(result).toBe(expected);
+      expectSubscriptions(e1.subscriptions).toBe(e1subs);
+    });
+  });
+
+  describe('throttleTime(fn, { leading: false, trailing: true })', () => {
+    asDiagram('throttleTime(fn, { leading: false, trailing: true })')('should immediately emit the first value in each time window', () =>  {
+      const e1 =   hot('-a-xy-----b--x--cxxx--|');
+      const e1subs =   '^                     !';
+      const t =  time( '----|                 ');
+      const expected = '-----y--------x-----x-|';
+
+      const result = e1.throttleTime(t, rxTestScheduler, { leading: false, trailing: true });
+
+      expectObservable(result).toBe(expected);
+      expectSubscriptions(e1.subscriptions).toBe(e1subs);
+    });
+  });
 });
\ No newline at end of file
diff --git a/src/operator/throttle.ts b/src/operator/throttle.ts
index a3e06488a5..e840629182 100644
--- a/src/operator/throttle.ts
+++ b/src/operator/throttle.ts
@@ -7,6 +7,16 @@ import { OuterSubscriber } from '../OuterSubscriber';
 import { InnerSubscriber } from '../InnerSubscriber';
 import { subscribeToResult } from '../util/subscribeToResult';
 
+export interface ThrottleConfig {
+  leading?: boolean;
+  trailing?: boolean;
+}
+
+export const defaultThrottleConfig: ThrottleConfig = {
+  leading: true,
+  trailing: false
+};
+
 /**
  * Emits a value from the source Observable, then ignores subsequent source
  * values for a duration determined by another Observable, then repeats this
@@ -40,61 +50,85 @@ import { subscribeToResult } from '../util/subscribeToResult';
  * @param {function(value: T): SubscribableOrPromise} durationSelector A function
  * that receives a value from the source Observable, for computing the silencing
  * duration for each source value, returned as an Observable or a Promise.
+ * @param {Object} config a configuration object to define `leading` and `trailing` behavior. Defaults
+ * to `{ leading: true, trailing: false }`.
  * @return {Observable<T>} An Observable that performs the throttle operation to
  * limit the rate of emissions from the source.
  * @method throttle
  * @owner Observable
  */
-export function throttle<T>(this: Observable<T>, durationSelector: (value: T) => SubscribableOrPromise<number>): Observable<T> {
-  return this.lift(new ThrottleOperator(durationSelector));
+export function throttle<T>(this: Observable<T>,
+                            durationSelector: (value: T) => SubscribableOrPromise<number>,
+                            config: ThrottleConfig = defaultThrottleConfig): Observable<T> {
+  return this.lift(new ThrottleOperator(durationSelector, config.leading, config.trailing));
 }
 
 class ThrottleOperator<T> implements Operator<T, T> {
-  constructor(private durationSelector: (value: T) => SubscribableOrPromise<number>) {
+  constructor(private durationSelector: (value: T) => SubscribableOrPromise<number>,
+              private leading: boolean,
+              private trailing: boolean) {
   }
 
   call(subscriber: Subscriber<T>, source: any): TeardownLogic {
-    return source.subscribe(new ThrottleSubscriber(subscriber, this.durationSelector));
+    return source.subscribe(
+      new ThrottleSubscriber(subscriber, this.durationSelector, this.leading, this.trailing)
+    );
   }
 }
 
 /**
- * We need this JSDoc comment for affecting ESDoc.
+ * We need this JSDoc comment for affecting ESDoc
  * @ignore
  * @extends {Ignored}
  */
 class ThrottleSubscriber<T, R> extends OuterSubscriber<T, R> {
   private throttled: Subscription;
+  private _trailingValue: T;
+  private _hasTrailingValue = false;
 
   constructor(protected destination: Subscriber<T>,
-              private durationSelector: (value: T) => SubscribableOrPromise<number>) {
+              private durationSelector: (value: T) => SubscribableOrPromise<number>,
+              private _leading: boolean,
+              private _trailing: boolean) {
     super(destination);
   }
 
   protected _next(value: T): void {
-    if (!this.throttled) {
-      this.tryDurationSelector(value);
+    if (this.throttled) {
+      if (this._trailing) {
+        this._hasTrailingValue = true;
+        this._trailingValue = value;
+      }
+    } else {
+      const duration = this.tryDurationSelector(value);
+      if (duration) {
+        this.add(this.throttled = subscribeToResult(this, duration));
+      }
+      if (this._leading) {
+        this.destination.next(value);
+        if (this._trailing) {
+          this._hasTrailingValue = true;
+          this._trailingValue = value;
+        }
+      }
     }
   }
 
-  private tryDurationSelector(value: T): void {
-    let duration: SubscribableOrPromise<number> = null;
+  private tryDurationSelector(value: T): SubscribableOrPromise<any> {
     try {
-      duration = this.durationSelector(value);
+      return this.durationSelector(value);
     } catch (err) {
       this.destination.error(err);
-      return;
+      return null;
     }
-    this.emitAndThrottle(value, duration);
-  }
-
-  private emitAndThrottle(value: T, duration: SubscribableOrPromise<number>) {
-    this.add(this.throttled = subscribeToResult(this, duration));
-    this.destination.next(value);
   }
 
   protected _unsubscribe() {
-    const throttled = this.throttled;
+    const { throttled, _trailingValue, _hasTrailingValue, _trailing } = this;
+
+    this._trailingValue = null;
+    this._hasTrailingValue = false;
+
     if (throttled) {
       this.remove(throttled);
       this.throttled = null;
@@ -102,13 +136,24 @@ class ThrottleSubscriber<T, R> extends OuterSubscriber<T, R> {
     }
   }
 
+  private _sendTrailing() {
+    const { destination, throttled, _trailing, _trailingValue, _hasTrailingValue } = this;
+    if (throttled && _trailing && _hasTrailingValue) {
+      destination.next(_trailingValue);
+      this._trailingValue = null;
+      this._hasTrailingValue = false;
+    }
+  }
+
   notifyNext(outerValue: T, innerValue: R,
              outerIndex: number, innerIndex: number,
              innerSub: InnerSubscriber<T, R>): void {
+    this._sendTrailing();
     this._unsubscribe();
   }
 
   notifyComplete(): void {
+    this._sendTrailing();
     this._unsubscribe();
   }
 }
diff --git a/src/operator/throttleTime.ts b/src/operator/throttleTime.ts
index 4b502fddd3..a6ef08cb38 100644
--- a/src/operator/throttleTime.ts
+++ b/src/operator/throttleTime.ts
@@ -4,6 +4,7 @@ import { IScheduler } from '../Scheduler';
 import { Subscription, TeardownLogic } from '../Subscription';
 import { async } from '../scheduler/async';
 import { Observable } from '../Observable';
+import { ThrottleConfig, defaultThrottleConfig } from './throttle';
 
 /**
  * Emits a value from the source Observable, then ignores subsequent source
@@ -44,17 +45,24 @@ import { Observable } from '../Observable';
  * @method throttleTime
  * @owner Observable
  */
-export function throttleTime<T>(this: Observable<T>, duration: number, scheduler: IScheduler = async): Observable<T> {
-  return this.lift(new ThrottleTimeOperator(duration, scheduler));
+export function throttleTime<T>(this: Observable<T>,
+                                duration: number,
+                                scheduler: IScheduler = async,
+                                config: ThrottleConfig = defaultThrottleConfig): Observable<T> {
+  return this.lift(new ThrottleTimeOperator(duration, scheduler, config.leading, config.trailing));
 }
 
 class ThrottleTimeOperator<T> implements Operator<T, T> {
   constructor(private duration: number,
-              private scheduler: IScheduler) {
+              private scheduler: IScheduler,
+              private leading: boolean,
+              private trailing: boolean) {
   }
 
   call(subscriber: Subscriber<T>, source: any): TeardownLogic {
-    return source.subscribe(new ThrottleTimeSubscriber(subscriber, this.duration, this.scheduler));
+    return source.subscribe(
+      new ThrottleTimeSubscriber(subscriber, this.duration, this.scheduler, this.leading, this.trailing)
+    );
   }
 }
 
@@ -65,23 +73,39 @@ class ThrottleTimeOperator<T> implements Operator<T, T> {
  */
 class ThrottleTimeSubscriber<T> extends Subscriber<T> {
   private throttled: Subscription;
+  private _hasTrailingValue: boolean = false;
+  private _trailingValue: T = null;
 
   constructor(destination: Subscriber<T>,
               private duration: number,
-              private scheduler: IScheduler) {
+              private scheduler: IScheduler,
+              private leading: boolean,
+              private trailing: boolean) {
     super(destination);
   }
 
   protected _next(value: T) {
-    if (!this.throttled) {
+    if (this.throttled) {
+      if (this.trailing) {
+        this._trailingValue = value;
+        this._hasTrailingValue = true;
+      }
+    } else {
       this.add(this.throttled = this.scheduler.schedule(dispatchNext, this.duration, { subscriber: this }));
-      this.destination.next(value);
+      if (this.leading) {
+        this.destination.next(value);
+      }
     }
   }
 
   clearThrottle() {
     const throttled = this.throttled;
     if (throttled) {
+      if (this.trailing && this._hasTrailingValue) {
+        this.destination.next(this._trailingValue);
+        this._trailingValue = null;
+        this._hasTrailingValue = false;
+      }
       throttled.unsubscribe();
       this.remove(throttled);
       this.throttled = null;