Articles related to trading at other firms

This page will provide you with helpful information about trading at other firms for accounts custodied at Schwab. Click on a link below to view a specific article.

Introduction to Prime Broker transactions
The Middle Office Trade Away Services desk allows you to trade at other firms while continuing to custody assets at Schwab. With Prime Broker transactions, you can place block trades at other brokerage firms for accounts custodied at Schwab and then settle the trades at Schwab. You can also allocate a trade to multiple client accounts using the Web Trading platform and other means.

Introduction to Trade Away service
The Middle Office Trade Away Services desk, supporting Trade Away and Prime Broker services, allows you to trade at other firms while continuing to custody assets at Schwab. With Trade Away, you can execute trades in individual accounts at another broker-dealer using a delivery versus payment account and settle the trades at Schwab with no additional paperwork and no minimum net equity requirements.

How to track and manage Trade Away trades
The Middle Office Trade Away Services desk allows you to execute trades in individual accounts at another broker-dealer using a delivery versus payment account. There is no minimum net equity requirement or Prime Broker paperwork requirements. Trade Away transactions can be tracked and managed on the Status Hub when Trade Away functionality is activated on Schwab Advisor Center®.