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Charles Schwab Expands 24/5 Trading Access for Retail Clients

Author

Slice of Finance Team
18 Feb

Key Highlights:

  • Schwab now offers expanded 24/5 trading for retail clients, enabling access to a broader range of securities, including S&P 500 and Nasdaq-100 stocks.

  • Overnight trading orders (EXTO) remain active until 8pm ET each market day, supporting continuous trading five days a week.

  • Schwab’s overnight trading pilot saw peak trading hours between 8-9pm ET and 3-4am ET.

  • Tesla (TSLA), NVIDIA (NVDA), and AMD were among the most actively traded stocks during the pilot program.

  • Schwab acquired Ameritrade in 2020, which pioneered 24/5 trading in 2018.

Notable Quote:

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“In today’s world, market-moving news doesn’t wait for standard market hours, and retail traders know what a difference it can make to have access to the markets when volatility spikes. Each day, Schwab facilitates about twice the trades of any competitor that shares that figure publicly, and we know that expanding access to overnight trading to our millions of clients is a significant milestone not just for Schwab but for our industry.”

James Kostulias, Managing Director & Head of Trading Services at Charles Schwab

Why This Matters:

With global markets operating around the clock and economic news breaking at any hour, access to extended trading hours is crucial for retail investors. Schwab’s move to expand 24/5 trading aligns with the growing demand for flexible trading opportunities and reinforces its position as a leader in retail brokerage. By integrating advanced trading platforms and tailored educational resources, Schwab is empowering traders to take control of their investments at any time, bridging the gap between traditional and modern investing strategies.