
Schwab Advisor StreetSmart Edge has two pricing components, a technology component, which is the cost of the underlying platform itself, and the cost of the content, which in this case is the quotes. You can also display a CNBC news feed within the right on the main screen of the platform. An Account Details and Status Order screen allows you to review order status, balances, positions, and transactions for an account in context. So, for example, if you want to create an options straddle, the platform will lay out the ticket for you and pre-fill any information that it can.Ī Symbol hub provides similar functionality, but it also includes charts and news feeds. There is some smart technology built right into the trading tickets. This will be extended to four in the near future. Right now, the platform accommodates two legged options trades. You can customize settings and hot keys to save time. You can set both stop and trailing stop orders for equities and options. There is an all in one trading tool that provides a great deal of functionality. You can also create a news feed for information related to one of your watch lists. You can see all breaking news, or filter to see only select subjects or company’s news.
News is available from a variety of sources. The charting feature lets you not only customize date ranges, it also allows you to chose from more than thirty studies to add to a chart. The watch list feature allows you to track multiple watch lists and customize the columns of information to your needs. The level II quotes can be customized in several ways.
Receive Various Quote Feeds-Advisors have various options for receiving real-time streaming market data, ranging from the no-cost Cboe Equity One Feed to fee-based subscriptions from NYSE, Nasdaq and OPRA. Customize the platform-Flexible environment that grows with advisors as their skills or strategies change they can add or modify tool features to fit their needs. Manage accounts-Greater account and order control to monitor performance and manage market exposure. Place trades-Intuitive trading environment to move from opportunity to action with simple, complex, or conditional trade orders. Research and analyze potential trade opportunities-Enhanced research and stock analysis features provide more ways to help you make faster, informed decisions. Search for investment opportunities-Integrated tools and common workflows act together, so identifying opportunities and supporting trade decisions is fast and easy. Schwab Advisor StreetSmart Edge offers a variety of advanced features and tools to help advisors: That’s because StreetSmart Edge is available in a totally free, non-trading version for those who need the informational capabilities of StreetSmart Edge without the trading capabilities. In fact, for those who require the informational features of a platform such as this without the trading capabilities, StreetSmart Edge is already an outstanding option. StreetSmart Edge narrows that gap significantly, and will most likely totally eliminate the gaps over time. TD Ameritrade has long held a competitive edge in this market niche with their thinkpipes platform. StreetSmart Edge is a real-time quotes-and-trading platform that fills what was previously one of the few gaps in Schwab’s otherwise robust product and service offering for independent financial advisors. This year’s Schwab IMPACT conference was a bit light on major Schwab technology announcements, but there was one very interesting new offering from Schwab that has been largely overlooked by other coverage of the event: the release of Schwab Advisor StreetSmart Edge.