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:
Schwab.com and Schwab Mobile:
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:
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
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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At the Company
Margaret Farrell
Director, Corporate Communications
(203) 434-2240
[email protected]