Charles Schwab announced that it will begin testing additional access to the overnight trading session by expanding it to include stocks from the S&P 500, Nasdaq-100 and hundreds of additional exchange-traded funds (ETFs) available for trading 24 hours a day, five days. one week (24/5).

Night trading is just one way Schwab clients interact with the markets outside of standard trading hours. Schwab also offers pre- and post-market extended hours trading sessions on its trading platforms.

Futures trading, including options on futures contracts, and Forex trading are available to customers with approved accounts through thinkorswim.

Ameritrade, which was acquired by Schwab in 2020, pioneered 24/5 trading in 2018, when it was the first U.S. retail brokerage to make it available to traders.

Since then, customers using Ameritrade’s and now Schwab’s thinkorswim trading platforms have had access to about two dozen ETFs during the overnight trading session.

Schwab will begin testing expanded nighttime access with a small group of customers and gradually expand to full customer access in 2025.

S&P 500 and Nasdaq-100 will join the 24/5 trading list

The provider of investment and trading specialists has $9.92 trillion in total client assets and facilitates approximately six million daily transactions on average.

James Kostulias, Managing Director and Head of Trading Services at Charles Schwab, said: “More than six years after Ameritrade was the first US retail broker to launch 24/5 trading on thinkorswim platforms , we are proud to see how the day-to-day market has evolved. Our goal has always been to offer and expand access to 24/5 trading in a responsible manner that takes into account customer demand, the evolving dynamics of the day-to-day trading market and – most importantly – to provide customers with Schwab’s comprehensive library of education and educational content. Around-the-clock support to help them balance opportunities and risks, as well as the unique considerations of day-to-day trading.

“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 into day-to-day trading, combined with our constant stream of significant platform enhancements, demonstrates our overall commitment to keeping our foot on the pedal and continually innovating to meet the rapidly evolving needs of traders. This has always been part of the DNA of our firm.

The expansion of day-to-day trading and these latest platform enhancements strengthen Schwab’s position as a leader serving a broad range of retail investors and traders, from those just starting out to very active traders. experienced and sophisticated who require a full suite of platforms, products and support capabilities.

Overnight trading via thinkorswim and Schwab.com

In addition to expanding day-to-day trading, Schwab has also recently introduced a range of new trading features and capabilities, including:

thinkorswim platform suite:

Chart Positions: On 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 which will display the trading price of their position in shares or the exercise price. of their options position.
Options Chain Gadget: Clients using thinkorswim desktop can now view the options 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 of their positions.
Money Movement: Customers 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 effectively identify and trade single- or several segments; add, delete, and rearrange data points; filter by strike price and expiration date; and set the default page display settings.
Order Status: Customers on Schwab.com can now add, remove, and rearrange their order status columns; change filter, sort, and condensed view preferences and set new defaults; and add new data points including Mark Price, Day Range and 52 Week Range.
Streaming Quotes: Customers on Schwab.com and Schwab Mobile no longer need to refresh or switch between time frames, with indices now updating automatically on search pages.
Symbol Preview: This convenient new view offers essential details and interactive graphics on a given security without leaving the Schwab.com search page.
Close Orders: Manage your positions more easily with convenient new actions, including Sell All for Stocks and Close and Roll, meaning the ability to close an existing position and open another in a single transaction for options, on Schwab.com and Schwab Mobile.
Coming soon: Custom Positions Table: Customers on Schwab Mobile will be able to add, delete and reorder up to 30 columns of quotes, positions and fundamental data points with this new table view on the Positions page.