Market Overview

TD Ameritrade Introduces 24-Hour Access to the US Equity Markets


TD Ameritrade is the first U.S. retail broker dealer to let investors
trade select securities 24 hours a day, 5 days a week

TD Ameritrade1 is the first U.S. retail broker dealer to
enable investors to access equity markets all night long – filling a gap
between research and action, and enabling the Company's growing
Asia-based client segment to trade the U.S. markets during their
daytime. With this initial launch, qualified TD Ameritrade clients can
buy or sell select ETFs from 8 p.m. ET Sunday to 8 p.m. ET Friday.

"This is a monumental first for our industry and retail investors," said
Steve Quirk, executive vice president of Trading and Education for TD
Ameritrade. "People have busy lives; they want access to their finances
anywhere, anytime, and on any device. Online trading made the markets
available to anyone, mobile trading made the markets available from
anywhere, and now 24-hour trading will make the markets available
anytime. We're focused on innovation that creates more value for
investors and ultimately makes their lives – and our industry – better."

The current market schedule leaves a gap between decision making and
action. Nearly 70 percent of clients who use TD Ameritrade's research
and education resources do so outside of regular trading hours. Clients
performing their research after market hours currently have to wait
until the next day to transact based on their research findings.
Asia-based investors interested in the U.S. markets must invest during
U.S. daytime hours, not their own.

"Market-moving news frequently breaks overnight," said Quirk. "During
events like Brexit or the U.S. election, futures were the only product
available to investors looking to reposition their portfolios as the
markets moved after hours. Investors today expect the same on-demand
access and convenience they're used to with other online services.
Technology has enabled many other industries, like retail for example,
to allow people do their consumer research and act on it at the same
time. We want to bring investing into the same realm."

TD Ameritrade's initial 24/5 trading offering includes 12 widely-held
U.S.-listed ETFs including: FXI, SPY, EEM, GLD, SLV, DIA, UNG, TLT, IWM,
QQQ, USO and SH. Trades must be placed as limit orders, allowing
investors to buy or sell only at the price they specify. These
securities were selected to provide access to a wide range of sectors.
The Company intends to add other securities to the list over time.

Extended Hours Overnight (EXTO) orders are up to 24-hour continuous
orders that expire at 8 p.m. ET every day. For example, an EXTO order
placed at 2 a.m. ET Monday morning would be active immediately and
remain active until 8 p.m. ET Monday night. A trade placed at 9 p.m. ET
Monday night would be active immediately and remain active until 8 p.m.
ET Tuesday night.

Eligible clients can access overnight trading via the thinkorswim
platform and the TD Ameritrade Mobile Trader app by selecting EXTO in
the order dropdown. Symbols available for EXTO are designated "EXTO
Eligible" on the platform. To participate, clients should confirm their
account is enabled for advanced features, which can be done through the
client services tab on
once logged in. A short step-by-step video is available here:

Extended hours trading is subject to unique rules, restrictions and
risks, including lower liquidity and higher volatility. Extended hours
trading is not available on market holidays.

About TD Ameritrade Holding Corporation

TD Ameritrade provides investing
and education
to more than 11 million client accounts totaling more than $1 trillion
in assets, and custodial
to more than 6,000 registered investment advisors. We are a
leader in U.S. retail trading, executing more than 700,000 trades per
day for our clients, nearly a quarter of which come from mobile devices.
We have a proud history
of innovation
, dating back to our start in 1975, and today our team
of 10,000-strong is committed to carrying it forward. Together, we are
leveraging the latest in cutting edge technologies and one-on-one client
care to transform lives, and investing, for the better. Learn more by
visiting TD Ameritrade's newsroom
or read our stories at Fresh

1TD Ameritrade, Inc. ("TD Ameritrade") is a broker-dealer
subsidiary of TD Ameritrade Holding Corporation. Brokerage services
provided by TD Ameritrade, Inc., member FINRA (

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