What's Going On With Charles Schwab Shares After Launching Forex Trading?

Nabaparna Bhattacharya

April 11, 2024

Charles Schwab Corporation (NYSE:SCHW) shares are trading lower on Thursday.

The company announced the launch of futures and forex trading and portfolio margin on its thinkorswim platform suite, part of Schwab’s overall trading offer, Schwab Trading Powered by Ameritrade.

“The introduction of these latest capabilities reinforces our commitment to deliver a robust, innovative, and sophisticated trading experience through Schwab Trading Powered by Ameritrade,” said James Kostulias, Managing Director and Head of Trading Services at Charles Schwab.

This marks Schwab’s debut in forex trading, enhancing its derivatives trading prowess and integrating ‘thinkorswim’ platform’s comprehensive trading features from Ameritrade.

In October 2023, Schwab unveiled Schwab Trading Powered by Ameritrade, blending the acclaimed thinkorswim platform with Schwab’s trading tools on Schwab.com and Schwab Mobile.

This merger offers traders diverse education and tailored service, enriching the trading journey for all skill levels.

“Adding these capabilities builds upon an already strong offer for traders – and in particular, derivatives traders – which includes the thinkorswim platforms, Schwab’s trading capabilities on Schwab.com and Schwab Mobile..,” Kostulias added.

Read Next: Why Rent The Runway Shares Are Skyrocketing Today

Price Action: SCHW shares are trading lower by 0.56% to $70.70 on the last check Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Shutterstock

Recommended

A.I. Pioneer Issues Urgent Warning to Americans - Ad

Time to Sell NVDA? 50-Yr Wall Street Legend Weighs In - Ad

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

A 14-carat gold Waltham pocket watch, retrieved from the Titanic sank, recently sold for £1.175 million at auction. The timing of the sale coincides with a recent surge in gold prices, which have seen a 13% increase this year.

Colgate-Palmolive Has Strong Brand-Building And Analytics-Driven Marketing Strategy, Says Analyst

BofA Securities analyst Bryan Spillane boosts Colgate-Palmolive's target to $100, citing impressive growth metrics. CL started the year strong with +9.8% organic sales and EPS of $0.86, beating estimates. Pricing surged +8.5%, driving a significant margin expansion. Hyperinflation in select regions fueled performance, while North America saw notable market share gains, a testament to Colgate's marketing prowess.

Election Shock on August 19th?

Election Shock on August 19th? - Ad

In less than 258 days, I expect the biggest presidential election shock since 1968. Forget about Donald Trump... And forget about Joe Biden... Instead, I believe the unexpected is barreling toward America. And I believe the aftermath will transform this country forever.

Warren Buffett Is Known For His Simple Lifestyle But Here Are 8 Lavish Things We Know He Owns

Warren Buffett, the billionaire, embraces a modest lifestyle and prefers stashing his cash in the bank. Despite standing among the world's wealthiest, the priciest items he owns could surprise everyone.

Top 3 Tech Stocks That May Explode This Month

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

The Military Is Handing You This Win - On a Silver Platter

The Military Is Handing You This Win - On a Silver Platter - Ad

The Ukraine war isn't being won just by its soldiers, it's being won by software. This "living software" has been such a difference-maker, the U.S. Army just signed a $1 billion contract with the company.

Jim Cramer Explains What Could Trigger Further Market Decline: 'If You Want To Get Out, Go Ahead ...'

CNBC host Jim Cramer has outlined potential factors that could lead to further market decline, advising investors to be cautious about their buying and selling decisions.

Delta Flight Returns To Atlanta After Takeoff: Boeing 757 'Yawing Aggressively'

Delta Air Lines flight from Atlanta to Ft. Lauderdale diverted back to Atlanta due to Boeing 757 yawing aggressively.

MUST SEE By May 1: Beware Biden's Trojan Horse

MUST SEE By May 1: Beware Biden's Trojan Horse - Ad

It could usher in the most radical transformation of our money we've ever seen in America's history... trigger a surprise election outcome in the coming months... and fundamentally alter the value of your savings forever. One 24-year market veteran warns that most Americans simply aren't prepared for what's coming on May 1.

Hochul announces budget outline as lawmakers continue to hash out details

ALBANY, N.Y. (AP) — New York Gov. Kathy Hochul on Monday announced the framework of a $237 billion that includes broad plans to drive new housing construction, address the influx of migrants and crack down on .

Despite Microsoft, Google's 'Spectacular Quarters,' Billionaire 'Bond King' Bill Gross Warns Against Tech, Advocates For Value Stocks

Bill Gross, known as the "bond king," advises investors to avoid tech stocks despite strong quarters from Microsoft and Alphabet, recommending value stocks instead, while questioning the appeal of bonds with current yields.

The A.I. Story Nobody is Telling You (Read ASAP)

The A.I. Story Nobody is Telling You (Read ASAP) - Ad

There's been a lot of buzz surrounding A.I. over the past couple of years -- but there's only ONE story you should be worried about. Whether you have $500 or $500,000, this radical new A.I. Innovation will have a direct impact on your wealth.

Rooting for Trump to fail has made his stock shorters millions

NEW YORK (AP) — Rooting for Donald Trump to fail has rarely been this profitable.

Biden Reveals Personal Struggles After First Wife's Death: 'Let Me Just Go To The Delaware Memorial And Jump'

In a candid interview with radio host Howard Stern, President Joe Biden revealed his thoughts of suicide following the tragic death of his first wife and daughter.

Has Jeff Bezos Found the Next Nvidia?

Has Jeff Bezos Found the Next Nvidia? - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

How Much Will Taylor Swift's Net Worth Grow With 'The Tortured Poets Department'?

How much will Taylor Swift's 'The Tortured Poets Department' boost her net worth? Get expert insights here

Cathie Wood's Ark Invest Sells $20M+ Coinbase Shares As Bitcoin Trades Over $70K, Buys Palantir, Sells Nvidia Stock

On Thursday, Cathie Wood’s Ark Invest made significant trades involving Coinbase Global, Inc. (NASDAQ:COIN), Palantir Technologies Inc. (NYSE:PLTR), and Nvidia Corp.

Crypto Reboot Finally Makes An 8,788% Return Possible [NOT Bitcoin]

Crypto Reboot Finally Makes An 8,788% Return Possible [NOT Bitcoin] - Ad

A crypto millionaire is revealing that a different cryptocurrency is going to do even better... It's not simply "buy the dip." Instead, it's a strategy that James learned during the dot com stock market crash. Not only has this strategy worked in a crash... it needs a crash to work best.

Facebook Co-Founder Brings Back Old Memories As He Alleges Elon Musk's Tesla Will Be The Next 'Enron' â€” Here's What You Should Know About The Company That Is Etched In History Books For Corporate Fraud

Facebook Co-Founder Brings Back Old Memories As He Alleges Elon Musk's Tesla Will Be The Next 'Enron' â€” Here's What You Should Know About The Company That Is Etched In History Books For Corporate Fraud

As Moskovitz compares Tesla to Enron, here's what you should know about the commodities firm, which was repeatedly hailed as America's "most innovative" and became an enduring symbol of corporate fraud later.

A strong quarter for Wall Street lifts Goldman's first-quarter results

NEW YORK (AP) — Goldman Sachs said it saw a double digit rise in its first quarter profits on Monday, lifted broadly by the stock and bond markets' performances in the first months of the year.

One Coin to Rule Them All...

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

Micro-Cap Brain Cancer Focused Plus Therapeutics Poised To Receive $3M From US Department of Defense

Plus Therapeutics will secure $3 million in funding from the Department of Defense for pediatric brain cancer trial expansion.

Jim Cramer Turns Bullish On Palantir: 'Make A Move And Buy Some'

CNBC’s “Mad Money” host Jim Cramer has given a thumbs up to Palantir Technologies Inc. (NYSE:PLTR), sparking interest among investors.

"America's No. 1 Retirement Stock" (Name Inside)

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

Elizabeth Warren Says Trump Had Only 2 Accomplishments As President: 'Huge Difference Between' Biden, Trump

Elizabeth Warren thinks Donald Trump only accomplished two things when he was president and neither is highlighted as a positive by the senator.

Why Real Brokerage Shares Are Gaining Today

Shares of The Real Brokerage surge as Qamar Group, led by CEO Rafay Qamar and COO Jana Pierce, joins, boosting market optimism.

Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software"

Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" - Ad

Denver firm proves its possible to use AI to save the lives of soldiers in combat. England, Germany, Japan and Australia have all signed contracts within the past 18 months.

What Is The Most Undervalued MANGO (Semiconductor) Stock Right Now?

MANGO stocks seek to replicate FANG success in semiconductor sector, with Nvidia leading (+220.78%) and ON Semiconductor most undervalued (+16.05 P/E, 3.72 EV/Sales).

If O.J. Simpson's assets go to court, Goldman, Brown families could be first in line

LOS ANGELES (AP) — without having paid the lion’s share of the $33.5 million judgment a California civil jury awarded to the families of his ex-wife Nicole Brown Simpson and her friend .

Legendary Stockpicker: "Buy This A.I. Stock NOW"

Legendary Stockpicker: "Buy This A.I. Stock NOW" - Ad

His award-winning system pinpointed NVDA and META before both stocks doubled. Now it's flashing "BUY" on this under-the-radar A.I. stock.

San Francisco sues Oakland over new airport name that includes 'San Francisco'

SAN FRANCISCO (AP) — San Francisco on Thursday sued Oakland after officials there voted in favor of changing the name of the city’s airport to San Francisco Bay Oakland International Airport, saying the change will cause confusion and is already affecting its airport financially.

Why Media Company Omnicom Shares Are Trading Higher Premarket Today

Omnicom Group reported 5.4% revenue growth, with organic growth of 4.0%. Adjusted EPS beat expectations.

Shhh! This Is One Great Coin...

Shhh! This Is One Great Coin... - Ad

Shhh! I truly believe this crypto could be one of the top earning cryptos of all time... In fact, in the coming bull run... this one coin could have the potential to bank 10x... 50x... and even 100x.

JPMorgan's Dimon hopes for soft landing for US economy but says stagflation is a possible scenario

NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation.

Elon Musk Overtakes Mark Zuckerberg As World's Third-Richest Amid Stock Market Shake-Up

The CEO of Tesla Inc, Elon Musk, has moved ahead of Meta CEO Mark Zuckerberg to claim the title of the world's third-richest billionaire, following a resurgence in Tesla's stock value.

Bitcoin Gained 164% in 2023 but Crypto Millionaire Abandoned It for This

Bitcoin Gained 164% in 2023 but Crypto Millionaire Abandoned It for This - Ad

A certain crypto genius and millionaire has been praising Bitcoin since it was trading for $61. Even though it gained 164% last year, he's now recommending a different cryptocurrency. In fact, he's betting his own money on and buying it like crazy.

Ex-Trump CFO Allen Weisselberg to be sentenced for perjury, faces second stint in jail

NEW YORK (AP) — Allen Weisselberg, a former longtime executive in Donald Trump’s real estate empire, is set to be sentenced Wednesday for lying under oath in the ex-president’s New York .

Walmart CEO Doug McMillon Earns 976 Times More Than Median Employee Last Fiscal Year

Walmart Inc CEO Doug McMillon was paid 976 times a median associate in the world's largest retail company over the last fiscal year.

Biden's Closed-Door AI Meeting

Biden's Closed-Door AI Meeting - Ad

Things are moving so fast, President Biden just met with 8 of the top AI experts in the world to figure out how to regulate it. And this small-cap is at the center of this AI-biotech revolution.

Trump Media Stock Experiences 'Abnormally Volatile' First Month, Says Expert: 'Any Stock I Can Ever Recall Being'

Former President Donald Trump's Trump Media & Technology stock has had a turbulent first month on the markets, described as "abnormally volatile."

Trending Now