Schwab to Match All Competitors' Trade Execution Guarantees for StreetSmart Pro(R) & Schwab Trader CT(TM) Clients
Thursday June 24, 8:45 am ET
CHICAGO, June 24 /PRNewswire-FirstCall/ -- In a move intended to put an end to the "guarantee game," Charles Schwab and Co. Inc. today announced that it will match any of its competitors' advertised execution guarantees for active traders using the StreetSmart Pro or Schwab Trader CT platforms.
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Andy Gill, senior vice president of Schwab's Active Trader enterprise, said: "Other brokers keep trying to one-up each other with execution guarantees, but with our new match guarantee we've put an end to their game. At Schwab, our customers expect our leading edge trading technology to provide direct access to excellent liquidity, at a very competitive price. So rather than try to one-up the competition, Schwab has decided to simply match any execution guarantees in the marketplace, while we provide our customers with what they really want -- price, liquidity and speed."
The Schwab Trader CT platform features a host of trading tools geared to the most advanced active traders, including streaming charting, a powerful stock screener, advanced stops, and the latest news as well as technical and client support via instant messaging, e-mail and phone.
Last month, Schwab announced a flat $9.95 commission for Schwab Trader CT clients executing online equity orders of any size, no matter how many shares are traded. StreetSmart Pro is Schwab's premiere stock trading platform for Schwab Signature Traders, investors who trade actively and generally desire a higher level of support and advice.
A print and online advertising campaign announcing Schwab's execution guarantee match will kick-off today during the Second Annual Chicago Traders Expo, in conjunction with a full-day active trading workshop hosted by Charles Schwab and CyberTrader, and featuring market analysis and trading strategies from some of the leading names in the industry.
About Charles Schwab
The Charles Schwab Corporation, through Charles Schwab & Co., Inc. (member SIPC/NYSE), U.S. Trust Corporation, CyberTrader, Inc. and its other operating subsidiaries, is one of the nation's largest financial services firms. The Charles Schwab, Schwab Trader CT, U.S. Trust and CyberTrader Web sites can be reached at www.schwab.com, www.schwabtraderct.com, www.ustrust.com and www.cybertrader.com, respectively. (0604-10343) |
