Schwab Shares Slide on Expanding Number of Orders
Charles Schwab (NYSE:SCHW), a leader in investing and trading with $10.76 trillion in total client assets that facilitated 7.6 million daily average trades in Q2 2025, today announced it has significantly expanded the list of securities available for trading overnight.
These extended + overnight session orders (EXTO) are continuous orders that expire at 8pm ET each market day. With this expansion, all Schwab retail clients can now trade more than 1,100 securities 24 hours a day, five days a week (24/5), via the thinkorswim platform suite.
The newly added securities, which are primarily exchange-traded funds (ETFs), are among the most popular and have been added in response to client demand and in alignment with Schwab’s criteria for overnight trading.
Ameritrade, which was acquired by Schwab in 2020, pioneered 24/5 trading in 2018 as the first U.S. retail broker-dealer to make it available to traders, offering approximately two dozen ETFs in the overnight trading session.
Schwab announced in February of this year that it had expanded the list of securities available in the overnight session to include the S&P 500 and NASDAQ-100 stocks, as well as hundreds of additional ETFs following a successful pilot of the expansion in Fall 2024.
SCHW shares settled 33 cents to begin Monday trading at $95.47.
