Order Routing Venues

This field indicates the venue to which you want your order routed for execution. By default, orders are routed to SmartEx™ which is designed to deliver the available price for retail sized marketable orders. If you have subscribed to Direct Access you will have access to NSDQ and the ARCA ECN as well.

Schwab Pre-Market

Orders can be entered from 8:05 p.m. on the previous trading day to 9:15 a.m. ET, but trades are not eligible for execution until the session officially opens for trading at 8:00 a.m. ET.

For more on Schwab Pre-Market orders, refer to Extended Hours Trading.

SmartEx

An electronic execution technology designed to "hunt and seek" the best available price for your retail sized marketable orders. Read more about SmartEx.

Schwab Post-Market

Orders can be entered from 4:05 p.m. to 8:00 p.m. ET, but trades are not eligible for execution until the session officially opens for trading at 4:15 p.m. ET.

For more on Schwab Pre- and Post-Market orders, refer to Extended Hours Trading.

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