Schwab to Significantly Expand Its 24-Hour Trading Capabilities to Include the Stocks in the S&P 500®, Nasdaq-100® and Hundreds of Additional Exchange-Traded Funds
30 Octubre 2024 - 6:30AM
Business Wire
Schwab also announces another round of
enhancements to the Schwab.com, Schwab Mobile, and thinkorswim®
trading platforms
Charles Schwab, a leader in investing and trading with $9.92
trillion in total client assets that facilitates approximately six
million daily average trades, today announced it will begin
piloting additional access to the overnight trading session by
expanding to include stocks in the S&P 500, Nasdaq-100 and
hundreds of additional exchange-traded funds (ETFs) available for
trading 24 hours a day, five days a week (24/5).
Ameritrade, which was acquired by Schwab in 2020, pioneered 24/5
trading in 2018 when it was the first U.S. retail broker-dealer to
make it available to traders. Since then, clients using the
thinkorswim trading platforms at Ameritrade and now Schwab have had
access to approximately two dozen ETFs in the overnight trading
session. Schwab will begin piloting expanded overnight access with
a small group of clients and gradually expand to full client access
in 2025.
“More than six years after Ameritrade was the first U.S. retail
broker-dealer to launch 24/5 trading on the thinkorswim platforms,
we’re proud to see how the overnight market has evolved,” said
James Kostulias, Managing Director and Head of Trading Services at
Charles Schwab. “Our goal has always been to offer and expand
access to 24/5 trading in a responsible way that takes into account
client demand, the evolving dynamics of the overnight trading
market, and – importantly – providing clients with the full library
of Schwab’s educational content and 24-hour support to help them
balance the opportunities and risks, as well as the unique
considerations of overnight trading.”
Overnight trading is just one way Schwab clients can engage with
the markets outside of standard trading hours. Schwab also offers
pre- and post-market extended hours trading sessions across its
trading platforms. Futures, including options on futures, and forex
trading are available to clients with appropriately approved
accounts via thinkorswim.
Additional Enhancements to Schwab’s Trading Platforms
In addition to expanding overnight trading, Schwab has also
recently introduced a range of new trading features and
capabilities, including:
thinkorswim Platform Suite:
- Positions on Charts: Across all thinkorswim platforms
(thinkorswim desktop, thinkorswim web, and thinkorswim mobile),
clients can add a horizontal line to a chart for any symbol they
hold a position in that will show the trade price of their equity
position or strike price of their options position.
- Options Chain Gadget: Clients using thinkorswim desktop
can now view the option chain and chart at the same time using this
Charts feature.
- Index Monitor: Clients using thinkorswim web can monitor
indices throughout the day with a rotating chart and quote carousel
at the top of the Charts feature.
- Analyst Ratings: On thinkorswim mobile, clients can now
view analyst reports and ratings for their positions.
- Money Movement: Clients using thinkorswim mobile can now
add funds to their account using the remote check deposit
feature.
- Coming Soon: Walk Limit™ Orders: Clients using all
thinkorswim platforms will have the ability to automatically aim to
execute at a more favorable price than initially set for single- or
multi-leg options trades.
Schwab.com and Schwab Mobile:
- Options Chain: Now easier-to-use and more customizable
than ever, the updated options chain on Schwab.com and Schwab
Mobile allows clients to more efficiently identify and trade
single- and multi-leg options strategies; add, remove and rearrange
data points; filter by strike price and expiration date; and set
default page display settings.
- Order Status: Clients on Schwab.com can now add, remove
and rearrange their order status columns; change the filter, sort
and condensed view preferences and establish new default settings;
and add new data points including Mark Price, Day Range, and 52
Week Range.
- Streaming Quotes: Clients on Schwab.com and Schwab
Mobile no longer need to refresh or toggle between timeframes with
indices now updating automatically on Research pages.
- Symbol Snapshot: This new, convenient view offers up
essential details and interactive charts on a given security
without navigating away from the Schwab.com Research page.
- Closing Orders: Manage your positions more easily with
convenient new actions—including Sell All for equities and Close
and Roll, meaning the ability to close an existing position and
open another in one trade for options—on Schwab.com and Schwab
Mobile.
- Coming Soon: Custom Positions Table: Clients on Schwab
Mobile will be able to add, remove and rearrange up to 30 columns
of quotes, positions and fundamental data points with this new
table view on the Positions page.
The expansion of overnight trading and these latest platform
enhancements reinforce Schwab’s position as a leader in serving a
wide range of retail investors and traders, from those just getting
started to highly experienced and sophisticated active traders who
need a comprehensive suite of platform, product and support
capabilities. For traders, Schwab Trading Powered by Ameritrade™
provides a holistic experience that includes:
- Desktop, web, and mobile trading platforms including
thinkorswim®, Schwab.com and Schwab Mobile.
- A massive library of educational content and resources
including articles, videos, webcasts, podcasts, courses, in-person
events and more, to help clients make informed trading decisions
and manage risk, as well as Schwab Coaching™, which enables clients
to learn from trading professionals in a live, interactive
setting.
- Specialized service and support for traders through Schwab’s
Trade Desk team of trading specialists.
- paperMoney®, the virtual trading experience that lets clients
practice trading on thinkorswim® using real-time market data—all
without risking a dime.
- A wide range of trading products, which today includes stocks
and ETFs; equity, ETF and index options; options on futures;
futures; forex; and portfolio margin.
Kostulias added, “We have built a powerful trading experience
over a long period of time and are a strong leader in this space
thanks to the breadth and depth of our platforms, products and
professional support. Our expansion in overnight trading combined
with our steady stream of meaningful platform enhancements
demonstrates our overall commitment to keeping our foot on the
pedal and continually innovating to meet traders’ rapidly evolving
needs. That has always been part of our firm’s DNA.”
To learn more about trading at Schwab, visit
www.schwab.com/trading.
Disclosures
Investing involves risk, including, for some products, more than
your initial investment. Consider your individual circumstances
prior to investing.
Extended-Hours Trading Information
- Please note that the commissions for trades executed in
multiple sessions (i.e., pre-market, regular or after hours) are
not aggregated. Extended hours trades will normally settle one
business day from the date the order is executed, just like orders
placed during regular market hours. Orders placed after 8:05 p.m.
ET are eligible for execution once the next Pre-market session
opens at 7:00 a.m. ET.
- Extended Hours Trading may not be suitable for all investors
and poses certain risks. These risks include, but are not limited
to, lower liquidity, higher volatility, price changes between
regular and extended hours market sessions, unlinked markets, news
announcements, and wider spreads. To learn more call
1-800-435-4000.
- Due to limited liquidity in Extended Hours Trading sessions,
there are no assurances that an investor's stock order will be
executed.
- Extended Hours Trading will not take place on official Exchange
holidays or when Exchanges close early. Schwab reserves the right
to change or modify hours of operation for Extended Hours Trading
at any time. A Schwab Extended Hours Trading session, or any
security traded therein, may be temporarily or permanently
suspended at our discretion.
Equity and index options carry a high level of risk and are not
suitable for all investors. Certain requirements must be met to
trade options through Schwab. Please read the Options Disclosure
Document titled "Characteristics and Risks of Standardized Options"
before considering any option transaction. Supporting documentation
for any claims or statistical information is available upon
request.
Multiple leg options strategies will involve multiple
transaction costs.
Portfolio margining involves unique and significantly greater
risks than cash accounts and is not suitable for all investors.
Futures, and Futures options trading involves substantial risk
and is not suitable for all investors. Please read the Risk
Disclosure Statement for Futures and Options prior to trading
futures products.
Forex trading involves leverage, carries a substantial level
of risk, and is not suitable for all investors. Please read the
Risk Disclosure for Forex.
Futures and forex accounts are not protected by the Securities
Investor Protection Corporation (SIPC). Forex accounts do not
receive a preference in any bankruptcy proceeding pursuant to Part
190 of the CFTC’s regulations.
Read additional CFTC and NFA futures and forex public
disclosures for Charles Schwab Futures and Forex LLC.
Futures, futures options, and forex trading services provided by
Charles Schwab Futures and Forex LLC. Trading privileges subject to
review and approval. Not all clients will qualify. Forex accounts
are not available to residents of Ohio or Arizona.
Charles Schwab Futures and Forex LLC is a CFTC-registered
Futures Commission Merchant and NFA Forex Dealer Member and a
subsidiary of The Charles Schwab Corporation.
Charles Schwab Futures and Forex LLC (NFA Member) and Charles
Schwab & Co., Inc. (Member SIPC) are separate but affiliated
companies and subsidiaries of The Charles Schwab Corporation.
© 2024 Charles Schwab & Co., Inc. All rights reserved.
Member SIPC.
About Charles Schwab
At Charles Schwab, we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity.
More information is available at aboutschwab.com. Follow us on
X, Facebook, YouTube, and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20241030440846/en/
At the Company Margaret Farrell
Director, Corporate Communications (203) 434-2240
margaret.farrell@schwab.com
Charles Schwab (NYSE:SCHW)
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