06:00 AM EDT, 04/12/2024 (MT Newswires) -- Charles Schwab ( SCHW ) said that it has launched futures and forex trading, along with portfolio margin, on its thinkorswim platform suite.
The forex trading allows traders to hedge against currency risks, diversify portfolios, and respond to changes even when the stock market is closed, the financial services company said in a statement Thursday.
Schwab has enabled forex trading for the first time, reinforcing its position in derivatives trading and integrating capabilities previously available through thinkorswim at Ameritrade, it added.
In October 2023, Charles Schwab ( SCHW ) and stockbroker Ameritrade merged resulting in the creation of Schwab Trading Powered by Ameritrade, which combined their trading platforms and services.