Schwab Expands 24 Hour Trading To Include All Stocks In S&P 500, Nasdaq 100, Hundreds Of ETFs (UPDATED)
Portfolio Pulse from Erica Kollmann
Charles Schwab Corp. (SCHW) is expanding its 24-hour trading to include all stocks in the S&P 500, Nasdaq-100, and hundreds of ETFs. This expansion will start with a pilot in November and be fully available by 2025. The move follows similar expansions by Intercontinental Exchange (ICE) and Robinhood Markets (HOOD).
October 30, 2024 | 2:57 pm
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Robinhood Markets offers 24-hour trading of over 1,000 tickers and has recently expanded to include futures and index options trading.
Robinhood's expansion into futures and index options trading, along with its 24-hour trading offering, positions it strongly in the competitive trading market. This could positively impact HOOD's stock price as it attracts more traders.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Intercontinental Exchange is expanding trading on the NYSE Arca equities exchange to 22 hours a day, following Schwab's announcement.
ICE's expansion of trading hours is a strategic move to remain competitive in the evolving trading landscape. This could lead to increased trading activity and potentially benefit ICE's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Charles Schwab is expanding its 24-hour trading to include all S&P 500, Nasdaq-100 stocks, and hundreds of ETFs, starting with a pilot in November and full access by 2025.
The expansion of 24-hour trading is a significant enhancement to Schwab's offerings, likely increasing client engagement and trading volume. This could positively impact SCHW's stock price in the short term as it positions itself competitively against other platforms.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100