Charles Schwab and TD Ameritrade today announced a new suite of enhancements to their platforms for retail traders.
StreetSmart Edge, Schwab's flagship platform for active traders, now incorporates more flexible order entry capabilities and powerful new market monitoring features.
Meanwhile, TDAI upgraded its newest trading platform, Trade Architect, adding features that make it easier for investors to visualize, understand, and act on information they see in the markets.
Schwab's new tools for active traders are integrated into its StreetSmart Edge workflow to help clients identify new trading opportunities and efficiently execute their trading strategies, says a press release.
While clients tartgeted by these appls are not invetsors advisors want as clients, , such Web tools will in the long run strengthen Schwab and TDAI's retail platform and the ability of the discount brokers to compete with advisors.