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Schwab Expands 24-Hour Trading to 1,100 Securities
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Charles Schwab has expanded the range of securities available to retail clients for extended trading access The rush to attract the global investor at all hours of the day is on.
Charles Schwab (SCHW) said Monday it is adding more securities, primarily ETFs, for 24-hour trading, bringing the total to 1,100 stocks and funds that retail investors can access outside normal U.S. business hours.
The online broker extended trading access to its clients for stocks in the S&P 500 and Nasdaq 100, as well as a range of exchange-traded funds, in February. Its rivals Robinhood (HOOD) and Intercontinental Exchange (ICE), have extended trading hours that go beyond both the regular session, during which volumes are highest, and the traditional premarket and after-hours sessions.
“As the pace of interconnected global markets activity increases and market-moving news and events happen outside of regular U.S. market hours, 24-hour trading gives investors flexibility and access that can be critical to take advantage of potential opportunities – as well as helping to manage risk," Charles Schwab Managing Director James Kostulias said.
The most-traded stocks that Charles Schwab said it has seen since launching 24-hour trading earlier this year are shares of Tesla (TSLA), AI darling Nvidia (NVDA), and Chinese EV maker NIO (NIO), the company said
Read the original article on Investopedia
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