Schwab's New StreetSmart.com(TM) Brings Easy to Use Expert Technology to Broader Active Trader Market
November 08 2005 - 8:01AM
PR Newswire (US)
Active Trader Clients Can Access New Web-Trading Environment From
Virtually Anywhere SAN FRANCISCO, Nov. 8 /PRNewswire-FirstCall/ --
Expanding its expert platforms to a broader market of active
traders, Charles Schwab & Co., Inc. today unveiled
StreetSmart.com, a powerful web trading environment built for speed
and ease-of-use. StreetSmart.com is integrated into the Schwab.com
website and provides industry-leading functions and features
previously available only on the StreetSmart Pro software
application. Designed specifically for Schwab Active Trader clients
who trade 12+ times per quarter, StreetSmart.com offers simple,
customizable web trading while harnessing Schwab's account
management functions and trading tools from any internet
connection. "Active traders who prefer the web don't have to settle
for a trading-only website anymore -- now they can turn to a
powerful, user-friendly trading environment from Schwab," said
Jeffrey M. Lyons, president, Active Trader at Schwab. "During a
time when many brokers seem more concerned with mergers than
addressing the needs of their clients, we want to send a clear
message: Schwab's top priority is improving our platforms, services
and support for clients." Based on technology from CyberTrader,
Schwab's direct access brokerage subsidiary, StreetSmart.com allows
clients access to real-time streaming news and data, interactive
charting, Level II quotes, ECN books and in-depth proprietary
research. StreetSmart.com also enables users to easily manage all
of their accounts, trading activity and transfer funds from a singe
location, providing the mobility, speed and convenience that active
traders demand. Active Trader clients can trade equities for as low
as $9.95 a trade and options for as low as $9.95 plus $.75 a
contract(1). StreetSmart.com is available to qualified Active
Trader clients at no cost. "We married everything we have learned
about serving this market over the last 30 years -- from
CyberTrader's best in class trading technology to Schwab's low
prices, support from trading specialists, and resources to increase
trading knowledge -- providing a complete web-based offering
accessible on the internet. We believe Schwab is the clear choice
for active traders," said Lyons. For more information about
StreetSmart.com or other trading products and services, please
visit http://www.schwabat.com/ (1) $9.95 equity commission rate,
and $9.95 plus $0.75 per-contract charge for options apply to
online trades in eligible accounts once 30 or more qualifying
trades are placed in the household per quarter and/or once the
household balance reaches $1,000,000 or more. Please see the
Charles Schwab Pricing Guide for detailed information. About
Charles Schwab The Charles Schwab Corporation (NYSE / Nasdaq: SCH),
through its operating subsidiaries, provides securities brokerage
and financial services to individual investors and the independent
investment advisors who work with them. With over 7 million
individual investor accounts and more than $1 trillion in client
assets, The Charles Schwab Corporation is one of the nation's
largest financial services firms. Its subsidiary Charles Schwab
& Co., Inc. (member SIPC) provides a complete range of
investment services and products, including an extensive selection
of mutual funds; financial planning and investment advice;
retirement plans; referrals to independent fee-based investment
advisors; and custodial, operational and trading support for
independent fee-based investment advisors through its Schwab
Institutional division. Its subsidiary Charles Schwab Bank (member
FDIC) provides banking and mortgage services and products. The
corporation's other operating subsidiaries include U.S. Trust
Corporation (member FDIC) and CyberTrader(R), Inc. (member SIPC)
(1105-9676).These companies' Web sites can be reached at
http://www.schwab.com/, http://www.schwabbank.com/,
http://www.ustrust.com/, and http://www.cybertrader.com/.
(1105-9676) DATASOURCE: Charles Schwab CONTACT: Alison Wertheim of
Charles Schwab, +1-415-636-5812, or ; or Mike Boccio of Intermarket
Communications, +1-212-754-5461, or Web site:
http://www.schwab.com/ http://streetsmart.com/
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