Schwab to Offer Early Trading
Wall Street Journal (08/16/00) No. 3696 p.C19; Smith, Randall

Charles Schwab is expected to announce plans to extend its trading hours in spite of regulators warnings against premarket trading. The San Francisco-based company plans to allow customers to trade between 7:45 a.m. and 9:15 a.m. Under the plan, Schwab would offer premarket trading for limit orders of up to 5,000 shares of most stocks traded on the New York Stock Exchange or Nasdaq. Premarket orders would then be channeled through the Redibook ECN. The move comes shortly after New York Stock Exchange Chairman Richard Grasso touched on the issue of volatile price moves in after-hours trading.

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