The Smart venue is a Schwab electronic execution route which allows you to buy, sell, and short equities during standard market sessions (9:30 a.m. to 4 p.m. ET).
When an order is placed on the Smart venue, the order is routed to a competitive execution partner.
The table below shows a list of available options associated with Smart orders.
|Order Types||Order Conditions||Special Conditions||
Seurity Types Traded
|Market||Day, On Close (MOC)||NMS, OTC|
|Limit||Day||All or None or Min Quantity*|
|GTC||All or None or Min Quantity*|
|Do Not Reduce|
|IOC – only available for listed stocks|
|Stop, Stop Limit, Trailing Stop||Day, GTC|
*Available only for Limit Orders of 200 shares or more.
Short selling is an advanced trading strategy involving potentially unlimited risks, and must be done in a margin account. Margin trading increases your level of market risk. For more information please refer to your account agreement and the Margin Risk Disclosure Statement.