Introduction to Schwab Advisor StreetSmart Edge® Trading

Introduction to symbols in Schwab Advisor StreetSmart Edge®

Schwab Advisor StreetSmart Edge offers an easily configurable, market information and trading environment that can be adapted to your needs. Within the platform, you can stream real-time data such as quotes and news, place orders in either a master account or individual client account, and discover potential trade opportunities using robust trading tools.

Trading tools

Schwab Advisor StreetSmart Edge offers two unique tools for entering trades:

  • All in One Trade Tool:
    • The All in One Trade Tool (found in Launch Tools under the ACCOUNT MONITORING & TRADING category) offers an order entry interface with tabs for Stocks & ETFs, Options, and Conditional Orders. The Trade tool is designed to help you act on a security's most relevant and current data.  
    • The tool allows you to adjust the order entry fields on the fly in response to your order entry preferences, allowing you to add option legs, change order strategies, and quickly find the contract you want to trade.
    • You may display up to 8 All in One Trade Tools across all open layouts, with up to 8 tabs in each tool.
  • Symbol Hub: 
    • You can also place trades from the Symbol Hub, a comprehensive view offering trading, quotes, charts, news, and research functionality.
    • You may display up to 8 Symbol Hub tools across all open layouts. 

Trading types

The application allows you to place the following types of trades:

  • Equities and ETFs trading: The Stocks & ETFs tab shows streaming Level I, Market Depth, and Time & Sales, and the Trade tool and Symbol Hub also show News updates, if you wish, to aid in decision-making.
  • Option trading: The All in One Trade Tool is ideal for option traders, due to the seamless stock and option trading workflow.
  • Conditional orders:
    • Conditional orders are a way to place orders when the market conditions you define are met. You specify up to 3 conditions, as well as up to 3 orders that will be placed when those conditions are met.
    • The conditions operate just like Alerts, with the added convenience of placing an order on your behalf.

Trading Settings

In the application, you can customize a variety of settings, such as:

  • Global settings–Set up global settings to customize the entire application rather than individual tools.
  • Trading settings–Set up trading settings to control notifications and alerts
  • News settings–Customize which News Providers you wish to receive news from in the News tool.
  • Options settings–Customize filters to apply to Option Chains. Note: An options data subscription is required to receive options quotes.
Feature/toolUse this feature or tool to…
Title barView trade information, such as quotes, ticks, and change percentages for specific security symbols
Main menuAccess global tasks in the software, such as managing your layouts and general settings.
Block Trade IndicatorView large quantity trades, which can affect market liquidity.
ChartView data in a streaming and customizable format.
CNBC TVView a commercial-free live stream of the CNBC TV broadcast.
ETF Screener

Filter through over 600 ETFs to based on chosen criteria.

High/LowView stocks that break through daily or 52-week highs and lows.
MessagesStay informed about changes to order status, market status, and Schwab notification.
MomentumObserve the aggregate recent activity (uptick, downtick, refreshed quotes, etc.) of a security.
NewsStream real-time, news from Thomson Reuters, Associated Press, United Press International and more.
NotesCreate notes of information you need while you trade.
ResearchView fundamental data for a company. Fundamentals include earnings data, analyst ratings, and metrics around valuations, growth, financial strength, and more.
Screener PlusIdentify securities meeting certain criteria by setting up custom screens or using predefined screens.
Symbol HubAccess trading, quotes, charts, news, and research.
Symbol LookupNarrow your search for symbols to certain types of symbols, such as preferred stocks, ETFs, and indices.
Third Party OffersAccess discounted third-party resources from the application.
TradeAct on a security's most up-to-date trading data.
All in One Trade Tool

Access the trading actions you use most.

Watch ListsMonitor a wide range of streaming market data (Last Trade, Volume, etc.) about securities of interest to you.

I have the version of Schwab Advisor StreetSmart Edge that offers the no-cost quote feed from Cboe Equities One. Does that version offer trading? 
Trading requires Level I quotes at a minimum, which require a professional market data subscription. Enrolling in the trading version can easily be initiated by calling the trading desk where they can help you complete the process.

Can I place orders in my master account with the platform and have them allocated into my client accounts? 
Yes. Schwab Advisor StreetSmart Edge offers trading in either your master account or directly in your client’s account. If you place an order in your master account, you must allocate the order to your client accounts using the Allocation Worksheet within Schwab Advisor Center. To navigate there quickly from Advisor Edge, click on the Schwab Advisor Center weblink within the platform, select Trading from the menu, followed by Trading – Allocations. Simply complete your allocations for the executed orders as you normally would.

Can I add more information such as a Tick indicator to the quote display in the All-in-One Trade Tool or Symbol Hub? 
Yes. The Level I display supports customization allowing you to set your preferred number of rows and columns with varying streaming data attributes, including Tick. Simply click on the gear icon within the tool and set your desired preferences.

I have more questions. Who can I contact? 
For additional questions about the application, call an AS Trading Representative at 800-930-4379, Monday – Friday from 8:30 a.m. – 7:00 p.m. ET.


Introduction to Schwab Advisor StreetSmart Edge®

Help Guides

Help with Equity Trading
Help with Options Trading

For additional questions about the application, call an AS Trading Representative at 800-930-4379, Monday – Friday from 8:30 a.m. – 7:00 p.m. ET.