Charles Schwab announced today that he has significantly expanded the list of available mobile values for negotiation at night.
These extensive + overnight (ExTO) are ongoing orders that expire at 8pm et each day of the market. With this extension, all Schwab retail customers can now exchange more than 1,100 titles 24 hours a day, five days a week (24/5), via the Thinkorswim platform.
Recently added securities, which are mainly ETFS, are one of the most popular and have been added in response to customer demand and alignment with Schwab’s criteria for overnight stay.
Ameritrade, acquired by Schwab in 2020, pioneered 24/5 in 2018 as the first American retail broker to dispose of traders, offering about two ETF dozen at the overnight meeting.
Schwab announced in February 2025 that it had expanded the list of mobile values available at one night meeting to include S&P 500 and Nasdaq-100 stocks, as well as hundreds of additional ETFs after a successful expansion pilot in the fall of 2024.
“Since we started the widespread availability of the extended overnight stay earlier this year, we have seen a huge customer involvement and received a lot of feedback and this further expansion has been driven by what customers tell us that they want,” said James Kostulias and Chief Executive Officer. “As the pace of interconnected global markets is increasing and news and market events are taking place outside the regular US market hours, 24-hour negotiation gives investor flexibility and access that can continue to benefit from possible opportunities-thus helping it.
Since widespread access to expanding overnight stays in February, Schwab has seen a significant commitment of customers to grow, with thousands of customers negotiating at the meeting for the first time each week.
The overnight commitment seems to be directly correlated with the large titles of the news cycle. In April, probably in response to the announcements or implementation of changes to the invoice policy, Schwab customers participated largely overnight, leading the volume of transactions overnight on April 7.
The three names being negotiated more than Schwab customers at the night meeting since February were Tesla Inc. (Tsla), Nvidia Corp. (NVDA) and Nio Inc. (Nio). Other very negotiable symbols During the overnight stay at Schwab have usually become more active after events such as profits (MSFT, AAPL, AMZN, AMD), an important news story (UNH) or, as investors are exploring issues such as electric vehicles (NIO) Discovery (RXRX).
These trends apply to Schwab’s domestic customers as well as international customers around the world, although international customers have transmitted NIO and RXRX more actively than the general population of customers.
“We continue to see that commercial behavior at one night’s meeting is very much like the behavior of commercial transactions during standard purchase hours, which is good,” Kostulias said. “The same catalysts that drive retail investors to place transactions during the day seem to influence their behavior at night, though with a significant advantage in some cases where they can respond in real -time where they were unable to have in previous years – or just at a time when they are more convenient or more convenient.”
Schwab customers can access 24/5 transactions by selecting the ExTO order type for eligible titles on Thinkorswim Transaction Platforms.