Schwab unveils set of enhancements to retail trading experience
Charles Schwab today announced the latest enhancements to the Charles Schwab trading experience across its trading platforms, including Schwab.com, Schwab Mobile, and the thinkorswim platform suite.
“A diverse range of clients seek out Schwab for the best-in-class trading experience we offer, from our award-winning platforms to our 24-hour specialized support and education,” said James Kostulias, Managing Director and Head of Trading Services, Charles Schwab. “As retail trading continues to advance, we’re committed to adding features and resources that expand our offering and make Schwab an even more compelling place to trade.”
The thinkorswim enhancements include:
- 24/7 Cryptocurrency Futures Trading: Select cryptocurrency futures (Bitcoin, Ether, Solana and Ripple products) are now available to trade nearly 24 hours a day, seven days a week, on all thinkorswim platforms.
- Coming Soon: Specified Lots: Clients using thinkorswim desktop can now choose which tax lots are designated to be sold for each sell through the Order Rules section of the order ticket.
- Coming Soon: paperMoney® Enhancements: Clients using the desktop version of thinkorswim paperMoney (desktop only) can utilize a new Order Gadget to place trades and gain new pre-confirmation insight into:
- Individual pricing for each options leg;
- Maximum profit, maximum loss, breakeven, and estimated cost of the trade prior to confirmation;
- The full options chain, visible below the pricing information for the options.
Now available on Schwab.com:
- Expected Price Range: The Research page now includes expected price range information for marginable securities, allowing margin clients to better understand their risk and to manage their transactions and accounts accordingly.
- Fundamentals Columns: Clients can now see more fundamental data about their positions on the Positions page.
Now available on Schwab Mobile:
- Mobile Dividend Reinvestment: Clients can now adjust their dividend reinvestment enrollment settings for stocks, ETFs and Mutual Funds via the Schwab Mobile app Positions page.
- Collapsed Chains on Options Chains: The Options Chain screen now defaults to all expirations collapsed.
- Enhanced Fixed Income Positions – The Fixed Income Positions page now includes a description to Table View for Fixed Income Symbols.
- Order Status Quotes: A new customizable view expands default quotes data to include:
- Equities: Bid, Ask, Last
- Options: Bid, Mid, Ask
- Mutual Funds: Net Asset Value (NAV)
- Order Status for Walk Limit Orders: A new display summarizes the current status of the walk range.
Fractional Shares Trading Made Easier
Across all platforms, Schwab has also expanded fractional trading capabilities to include most U.S. stocks and ETFs, with a new minimum investment of $1. Now, instead of accessing fractional shares trading via a separate experience, clients can select a dollar amount rather than number of shares right within Schwab’s trade ticket.
“Fractional shares trading lowers barriers to entry and gives clients greater simplicity and flexibility,” Kostulias added. “They can be a powerful tool for a wide range of investors, from those who may be priced out of higher-cost stocks to more seasoned traders who prefer to trade notionally, in dollar amounts rather than whole shares.”
