TD Ameritrade is the first U.S. retail broker dealer to let investors trade select securities 24 hours a day, 5 days a week
OMAHA, Neb., Jan 23 (Bernama-BUSINESS WIRE) -- TD Ameritrade1 is the first U.S. retail broker dealer to enable investors to access equity markets all night long – filling a gap between research and action, and enabling the Company’s growing Asia-based client segment to trade the U.S. markets during their daytime. With this initial launch, qualified TD Ameritrade clients can buy or sell select ETFs from 8 p.m. ET Sunday to 8 p.m. ET Friday.
“This is a monumental first for our industry and retail investors,” said Steve Quirk, executive vice president of Trading and Education for TD Ameritrade. “People have busy lives; they want access to their finances anywhere, anytime, and on any device. Online trading made the markets available to anyone, mobile trading made the markets available from anywhere, and now 24-hour trading will make the markets available anytime. We’re focused on innovation that creates more value for investors and ultimately makes their lives – and our industry – better.”
The current market schedule leaves a gap between decision making and action. Nearly 70 percent of clients who use TD Ameritrade’s research and education resources do so outside of regular trading hours. Clients performing their research after market hours currently have to wait until the next day to transact based on their research findings. Asia-based investors interested in the U.S. markets must invest during U.S. daytime hours, not their own.
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