Charles Schwab plans to roll out expanded access to overnight trading, making stocks in the S&P 500, Nasdaq-100 and hundreds of additional exchange-traded funds available for trading 24 hours a day, five days a week.
Schwab will begin piloting expanded overnight access with a small group of clients starting in early to mid-November and gradually expand to full client access starting in the first quarter of 2025.
Ameritrade, acquired by Schwab in 2020, became the first U.S. retail broker-dealer to offer 24/5 trading to clients in 2018. Since then, customers using Ameritrade's thinkorswim trading platforms have had access to about two dozen ETFs in the overnight trading session.
"We're proud to see how the overnight market has evolved," James Kostulias, Schwab's managing director and trading services head, said in a statement.
"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," he added.
Trading Platform Updates
Schwab also recently introduced a range of new trading features and capabilities, including several on thinkorswim.
