Schwab said that the new solution was built based on feedback from clients and its research on trader preferences and behavior, including observing how traders interact with their current trading platforms.
StreetSmart Edge, available to Schwab Active Trading clients beginning March 1, will allow traders to spend their time more productively, with integrated tools to help them discover and take advantage of opportunities.
With addition to various new tools, the StreetSmart Edge offers enhanced account management so traders can monitor positions, analyze profit potential and help manage market exposure in real-time. The platform also helps traders to add or modify the tool features to fit their evolving needs.
The solution allows traders to monitor accounts and track performance with consolidated account information. The account detail window offers a tabular view of critical account information including balances, positions, transactions, gain/loss, alerts, and order history.
The balances bar displays dynamic balance information at the top of the StreetSmart Edge window, showing intraday account values, cash balances, buying power, profit-and-loss data, and more at a glance.
Symbol Hub, chart pattern recognition, charting tools, and fundamental research are some of the features included on the StreetSmart Edge platform.
Charles Schwab vice president of active trading Kelli Keough said that sophisticated trading platforms are designed to synthesize market data and provide tools to help a trader apply what they learn, but they can also be difficult to learn and even more difficult to master.
"Recognizing this dilemma, we examined the entire trading experience and built a platform that includes the functionality traders expect but also mirrors the way they think and act," Keough said.
