Extended-Hours Trading at Schwab
If you want to trade stocks and exchange-traded funds before the market opens or after it closes, a Schwab account can help you do just that. You can use Schwab's desktop platform, website, or mobile app to trade during either the pre-market period or after-hours session.
Extended-Hours Trading on StreetSmart Edge
On the desktop platform StreetSmart Edge, it’s straightforward. Simply open the trade ticket, usually found in the default workspace. The order form displays Level II quotes in color-coded lines, making them easy to identify. If you can’t locate it, click on Launch Tools in the upper-right menu and select All In One Trade Ticket from the drop-down menu.
Once you have the trade ticket open, enter a ticker symbol and fill in the trade details, such as buy or sell and quantity of shares. Extended-hours choices are under the Venue heading. You can select either After Hours or Pre Market, but not both. Orders are cancelled if they are not filled by the end of a session.
Schwab’s pre-market session runs from 7:00 am EST to 9:25 am EST (5 minutes before the opening bell). The after-hours period starts at 4:05 pm EST (5 minutes after the closing bell) and ends at 8:00 pm EST.
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Pre-Market and After-Hours on Schwab Website
In addition to the desktop platform, Schwab customers can use the brokerage firm’s website to place extended-hours trades. The site offers two trade tickets: a regular one and an All-in-One ticket. Both can handle pre-market and after-hours trades. Before submitting a trade on the site, users must accept an extended-hours agreement, although no application is required.
The browser platform StreetSmart Central also supports early-bird or late-night trades.
Pre-Market and After-Hours on Schwab App
Lastly, there is the mobile app. This platform also supports extended-hours trading. Like all Schwab trading platforms, extended-hours trades on the mobile app must be submitted as limit orders; market orders are not accepted.
StreetSmart Mobile, though less favored in our survey due to usability issues, does support extended-hours trading. Select PRE for the early-bird session and POST for the after-hours period in the duration field.
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Updated on 7/9/2024.
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