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

Charles Schwab Corporation 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.

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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.

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