Charles Schwab Enhances Technology and Specialized Services for Active Traders

Tuesday, February 19, 2008 5:30 am PST

Dateline:

NEW YORK

Public Company Information:

NASDAQ:
SCHW

NEW YORK--(BUSINESS WIRE)--At the International Traders Expo in New York today, Charles Schwab announced several enhancements designed to improve the overall trading experience for its most active traders. These include multiple upgrades to Schwabs suite of web-based and software trading platforms and a personalized welcome service to help new clients get quickly oriented to Schwabs active trading services.

We understand that todays active traders have increasingly sophisticated needs, said Richard Levine, Schwab Active Trader Vice President. Our latest improvements raise the bar on what traders should expect from their broker. Technology upgrades to our platforms plus ongoing support in everything from trading strategies to proactive risk management demonstrate that Schwab is more than just a place to trade. Our commitment to personalized service differentiates Schwab from other brokers and demonstrates a level of service that not only satisfies but delights our clients, added Levine.

Schwab has made several additions and significant technology upgrades to its suite of web-based and software trading platforms, including its premier offering, StreetSmart Pro:

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Bracket orders for both equity and option trades to automate risk management and profit target strategies

Traders can set predefined profit and loss targets when submitting either a stock or option order to cut losses and help lock in profits. This technology allows traders to automatically manage risk and implement trading strategies even if they are not logged into the system.
 

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Several new options tools including trailing stop orders, upfront gain/loss calculations, and put/call ratios

Multiple tools to improve the options trading experience include trailing stops for single leg options to help protect against losses and put/call ratios for individual stocks and indices based on open interest or volume. A new countdown feature helps traders identify days left to expiration and is easily accessible on order entry screens. A new max gain/loss/breakeven calculator has also been added.
 

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The addition of Schwab Equity Ratings to the StreetSmart Pro platform to provide easy access to industry-leading stock ratings and data to screen and help identify trading opportunities

For the first time, Schwab Equity Ratings have been incorporated directly into the StreetSmart Pro platform for easy access within the trading window. Schwab Equity Ratings offer a disciplined and objective evaluation of approximately 3,000 U.S. equities, presented as easy to use "A" through "F" ratings on the performance outlook over the next 12 months. The ratings have been incorporated into watch lists, screening tools, and positions display.
 

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Improved real-time stock monitoring tools

Additional enhancements include a new Dynamic Ticker that shows market momentum on stocks based on the activities of every market maker, ECN, or exchange with Level II quotes. And new Tick Chart functionality helps identify trades and short term activity in real-time. As a result, traders can monitor streaming stock movements while managing up to 20 chart windows with up to 20 tabs each and six watch lists with up to 20 tabs each.

Beyond the platform improvements, Schwab is offering a new Client Concierge program to help traders who are new to Schwab get up and running quickly. The Client Concierge provides personalized, one-on-one consultations on Schwabs active trading services and tools, educational resources, and research to help familiarize new clients with all the features and functionality of Schwabs active trading experience.

For more information about StreetSmart Pro and the active trading services at Charles Schwab, please visit http://www.schwabat.com.

OPTIONS CARRY A HIGH LEVEL OF RISK AND ARE NOT SUITABLE FOR ALL INVESTORS. CERTAIN REQUIREMENTS MUST BE MET TO TRADE OPTIONS THROUGH SCHWAB. PLEASE READ THE OPTIONS DISCLOSURE DOCUMENT TITLED "CHARACTERISTICS AND RISKS OF STANDARDIZED OPTIONS" BEFORE CONSIDERING ANY OPTION TRANSACTION. CALL YOUR LOCAL SCHWAB OFFICE OR WRITE CHARLES SCHWAB & CO., INC. 101 MONTGOMERY STREET, SAN FRANCISCO, CA 94104 FOR A CURRENT COPY.

THE SCHWAB EQUITY RATINGS AND STOCK LISTS OR MODELS ARE NOT PERSONAL RECOMMENDATIONS FOR ANY PARTICULAR INVESTOR. BEFORE BUYING, INVESTORS SHOULD CONSIDER WHETHER THE INVESTMENT IS SUITABLE FOR THEMSELVES AND THEIR PORTFOLIO.

About Charles Schwab

The Charles Schwab Corporation (Nasdaq: SCHW) is a leading provider of financial services, with more than 300 offices and 7.1 million client brokerage accounts, 1.3 million corporate retirement plan participants, 286,000 banking accounts, and $1.4 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Schwab Institutional division. The Charles Schwab Bank, (member FDIC) provides banking and mortgage services and products. More information is available at www.schwab.com. (0208-6880)

Contact:

Charles Schwab
Sondra Harris, 415-636-3292
sondra.harris@schwab.com
or
Intermarket Communications
Clayton McGratty, 212-754-5425
cmcgratty@intermarket.com

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