Charles Schwab

<html> <head> <title>After Hours Trading - Charles Schwab Online</title> <base href="http://www.charles-schwab.com/">  </head> <body bgcolor="#004284" text="#000000"> <div align="center"><center> <table border="0" cellpadding="0" cellspacing="0" width="600"> <tr> <td><MAP NAME="FrontPageMap0"><AREA SHAPE="RECT" COORDS="4, 2, 51, 15" HREF="http://www.schwab.com/SchwabNOW/Exec/gotrade" TARGET="_top"><AREA SHAPE="RECT" COORDS="53, 2, 150, 15" HREF="http://www.schwab.com/SchwabNOW/navigation/mainFrameSet/0,4528,532,00.html" TARGET="_top"><AREA SHAPE="RECT" COORDS="154, 2, 186, 15" HREF="http://www.schwab.com/SchwabNOW/0,4414,500,00.html" TARGET="_top"><AREA SHAPE="RECT" COORDS="189, 2, 247, 15" HREF="http://www.myschwab.com/" TARGET="_top"><AREA SHAPE="RECT" COORDS="250, 2, 306, 15" HREF="http://www.schwab.com/SchwabNOW/navigation/mainFrameSet/0,4528,778,00.html" TARGET="_top"></MAP><img src="http://www.schwab.com/SchwabNOW/navigation/topNav/brands/PersistentBrand.GIF" border="0" width="363" height="51" usemap="#FrontPageMap0"> </td> <td><a href="http://promo.schwabon.com/AR003/AR003Home.asp?SRC=CEZ" target="_top"><img src="/images/Ad57.GIF" border="0" width="237" height="51"></a> </td> </tr> </table> </center></div><div align="center"><center> <table border="0" cellpadding="0" cellspacing="0" width="600"> <tr> <td><MAP NAME="FrontPageMap1"><AREA SHAPE="RECT" COORDS="3, 0, 102, 18" HREF="http://www.schwab.com/SchwabNOW/SNLibrary/SNLib122/SN122mainMiniHome/0,4525,506,00.html" TARGET="_top"><AREA SHAPE="RECT" COORDS="105, 0, 166, 18" HREF="http://www.schwab.com/SchwabNOW/SNLibrary/SNLib122/SN122mainMiniHome/0,4525,501,00.html" TARGET="_top"><AREA SHAPE="RECT" COORDS="170, 0, 295, 18" HREF="http://www.schwab.com/SchwabNOW/SNLibrary/SNLib122/SN122mainMiniHome/0,4525,502,00.html" TARGET="_top"><AREA SHAPE="RECT" COORDS="299, 0, 383, 18" HREF="http://www.schwab.com/SchwabNOW/SNLibrary/SNLib122/SN122mainMiniHome/0,4525,503,00.html" TARGET="_top"><AREA SHAPE="RECT" COORDS="387, 0, 474, 18" HREF="http://www.schwab.com/SchwabNOW/SNLibrary/SNLib122/SN122mainMiniHome/0,4525,504,00.html" TARGET="_top"><AREA SHAPE="RECT" COORDS="478, 0, 597, 18" HREF="http://www.schwab.com/SchwabNOW/SNLibrary/SNLib122/SN122mainMiniHome/0,4525,505,00.html" TARGET="_top"></MAP><img src="/images/Nav1Inv.GIF" border="0" width="600" height="22" imageid="2372" usemap="#FrontPageMap1"> </td> </tr> <tr> <td bgcolor="#336699" height="5"><MAP NAME="FrontPageMap2"><AREA SHAPE="RECT" COORDS="3, 5, 99, 19" HREF="http://www.schwab.com/SchwabNOW/navigation/mainFrameSet/0,4528,520,00.html" TARGET="_top"><AREA SHAPE="RECT" COORDS="183, 5, 292, 19" HREF="http://www.schwab.com/SchwabNOW/navigation/mainFrameSet/0,4528,522,00.html" TARGET="_top"><AREA SHAPE="RECT" COORDS="294, 5, 414, 19" HREF="http://www.schwab.com/SchwabNOW/navigation/mainFrameSet/0,4528,523,00.html" TARGET="_top"><AREA SHAPE="RECT" COORDS="416, 5, 474, 19" HREF="http://www.schwab.com/SchwabNOW/navigation/mainFrameSet/0,4528,524,00.html" TARGET="_top"><AREA SHAPE="RECT" COORDS="476, 5, 561, 19" HREF="http://www.schwab.com/SchwabNOW/navigation/mainFrameSet/0,4528,525,00.html" TARGET="_top"></MAP><img src="/images/Nav2InvShp.GIF" border="0" width="600" height="21" imageid="2395" usemap="#FrontPageMap2"> </td> </tr> </table> </center></div><div align="center"><center> <table border="0" cellpadding="0" cellspacing="0" width="85%" bgcolor="#99CCCC" bordercolor="#0000A0"> <tr> <td align="center"><div align="left"><table border="1" width="700"> <tr> <td bgcolor="#FFFFFF"><h1 align="center"><font color="#004080" size="6"><b>After Hours Trading</b></font></h1> <p align="center"><font color="#808040" size="2"><b>Introducing After Hours Trading</b> at Schwab. How it works. What it means for individual investors today.</font><font size="2" face="Arial"> </font></p> </td> </tr> <tr> <td><font color="#FFFFFF" size="1">Schwab now offers investors the ablility to trade stocks after the normal closing time of the major U.S. stock exchange during our new After Hours Trading Session. Trading after hours may not be for everyone - it's important for you to understand the differences and the associated risks before deciding whether to participate in Schwab's After Hours Trading Session.</font></td> </tr> </table> </div><div align="left"><table border="1" width="700"> <tr> <td bgcolor="#FFFFBF"><font color="#000000" size="2"><strong>Benefits of Schwab Signature Services</strong></font><p><font color="#000000" size="2">People who trade actively or who have large portfolios have unique and complex investing needs. Schwab Signature Services is a program designed specifically for clients who trade at least 12 times per year or who have at least $100K in investable assets. Schwab Signature Services rewards our most valued clients with special service and extraordinary benefits.</font></p> <ul> <li><font size="2">Priority phone access.</font></li> <li><font size="2">Complimentary professional-quality research and information to help you manage and monitor your investments</font></li> <li><font size="2">Special </font><a href="http://promo.schwabon.com/AR009/AR009Home.asp?SRC=CHD" target="_top" linkid="4232"><font size="2">commission discounts</font></a><font size="2"> for active traders, as low as $14.95 for trades placed online.</font></li> <li><font size="2">Our complimentary </font><a href="http://www.schwab.com/SchwabNOW/navigation/mainFrameSet/0,4528,822|4024,00.html" target="_top"><font size="2">Velocity trading software</font></a><font size="2"> helps to accelerate your online investing -- the powerful, easy to use trading platform developed for our most active traders.</font></li> <li><font size="2">Access to exclusive online Schwab Signature Service resources featuring research, information, investment tools, and more.</font></li> </ul> </td> </tr> </table> </div><div align="left"><table border="1" width="700"> <tr> <td bgcolor="#FFFFBF"><font color="#000000" size="2">But that's just the beginning. See how you can </font><a href="http://www.schwab.com/home/active/"><font size="2">qualify</font></a><font color="#000000" size="2"> for Schwab Signature Services and start taking advantage of these exceptional benefits today.</font></td> </tr> <tr> <td><h2 align="center"><font size="4">How <b>After Hours Trading</b> Works</font></h2> <p><font size="2"><b>After hours trading</b> is made possible by computerized order matching systems known as ECNs or Electronic Communications Networks. As after hours trading becomes more common and the major exchanges adopt programs of their own, Schwab's After Hours services will continue to evolve. Here are some basics of how after hours trading works at Schwab today:</font></p> <ul> <li><font size="2"><strong>Separate Trading Session</strong>  Schwab's After Hours Trading Session is completely independent from the standard market hours trading session. After hours orders must be placed by logging on to special After Hours Trading screens at schwab.com, or by calling 1-800-435-4000 and asking for an After Hours Trading representative. Please note that the After Hours Trading screens are different from those used for trading during standard market hours.</font></li> <li><font size="2"><strong>Hours of Operation</strong>  After hours orders can be entered from 4:05 p.m. to 7:00 p.m. Eastern Time, Monday through Friday, but order execution will not begin until the official opening of Schwab's After Hours Trading Session at 4:30 p.m. ET.<sup>1</sup></font></li> <li><font size="2"><b>Eligible Securities </b> Most Nasdaq and certain listed securities are currently eligible for trading after hours at Schwab. However, at any time, any number of securities may not be available due to lack of trading interest during the After Hours Trading Session.</font></li> <li><font size="2"><b>Order Types</b>  Only limit orders and short sell limit orders - not market orders - are accepted after hours. The maximum order size is 5,000 shares. All orders must be entered in round lots (increments of 100 shares); odd and mixed lot orders are not currently accepted during the after hours session. </font></li> <li><font size="2"><b>Quotes </b> Quotes for the After Hours Trading Session reflect the best bid (buy) and ask (sell) orders currently available through the REDIBook ECN. (REDIBook prices may also include prices from other ECNs participating in the after hours trading network.) After hours quotes are only available on the special After Hours Trading screens at schwab.com or by calling 1-800-435-4000; they are not currently available through TeleBroker or other automated phone services. For any particular security, if there are no buy or sell orders available through the REDIBook ECN, no quote will be available at that time. After hours quotes may differ significantly from standard market hours closing prices.</font></li> <li><font size="2"><b>Change and Change/Cancel Orders </b> You can attempt to change or cancel an after hours order within the same after hours session, as long as your order has not already been executed. You cannot change your after hours order to a standard market hours order.</font></li> <li><font size="2"><b>Unexecuted Orders </b> Unexecuted standard market hour orders do not carry over into the After Hours Trading Session, nor will unexecuted after hours orders carry over to the next day's standard market hours session. If an after hours order is not executed, it will be automatically canceled at the end of that After Hours Trading Session.</font></li> <li><font size="2"><b>Commissions and Trade Settlement </b> Commissions for after hours trading are based on Schwab's standard fee and commission schedule. After hours trades will normally settle three business days from the date the order is executed, just like orders placed during standard market hours.</font></li> </ul> <p><font color="#FFFFFF" size="1"><sup>1 </sup>After Hours Trading Sessions will not take place on official Exchange holidays or when Exchanges close early. Schwab reserves the right to change or modify hours of operation for after hours trading at any time. A Schwab After Hours Trading Session, or any security traded therein, may be temporarily or permanently suspended without prior notice at any time at our discretion.</font></p> <hr size="1" width="90%"> <p align="center">| <a href="http://www.schwab-mutual-funds-investment-broker.com/after_hours_trading/">after hours stock market trading</a> | <a href="quotes/after_hours_trading/">nasdag after hours trading quotes and results</a> |</p> </td> </tr> </table> </div></td> </tr> </table> </center></div> <p> </p> <hr width="70%"> <p align="center"><a href="http://www.schwab-online.com"><font color="#FFFFFF">Home</font></a> | <a href="http://www.myschwab.com/"><font color="#FFFFFF">MySchwab</font></a> | <a href="http://www.schwab.com/SchwabNOW/navigation/mainFrameSet/0,4528,778,00.html"><font color="#FFFFFF">Contact Us</font></a> | <a href="http://www.schwab.com/SchwabNOW/navigation/siteMap/0,4530,,00.html"><font color="#FFFFFF">Site Map</font></a> | <a href="http://www.schwab.com/SchwabNOW/navigation/mainFrameSet/0,4528,812,00.html"><font color="#FFFFFF">Help</font></a> </p> <p align="center"><font size="2" face="Arial,Helvetica,Verdana">Company Information</font> <br> <a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=aboutschwab&linkID=4563"><font size="1" face="Arial,Helvetica,Verdana"><NOBR></font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=aboutschwab&linkID=4563"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana">About Schwab</font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=aboutschwab&linkID=4563"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana"></NOBR></font></a><font size="1" face="Arial,Helvetica,Verdana"> | </font><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=jobs&linkID=4963"><font size="1" face="Arial,Helvetica,Verdana"><NOBR></font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=jobs&linkID=4963"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana">Job Opportunities</font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=jobs&linkID=4963"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana"></NOBR></font></a><font size="1" face="Arial,Helvetica,Verdana"> | </font><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=pressroom&linkID=5034"><font size="1" face="Arial,Helvetica,Verdana"><NOBR></font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=pressroom&linkID=5034"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana">Company News</font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=pressroom&linkID=5034"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana"></NOBR></font></a><font size="1" face="Arial,Helvetica,Verdana"> | </font><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=privacy&linkID=4144"><font size="1" face="Arial,Helvetica,Verdana"><NOBR></font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=privacy&linkID=4144"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana">Privacy Policy</font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=privacy&linkID=4144"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana"></NOBR></font></a><font size="1" face="Arial,Helvetica,Verdana"> | </font><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=cookies&linkID=6444"><font size="1" face="Arial,Helvetica,Verdana"><NOBR></font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=cookies&linkID=6444"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana">About Cookies</font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=cookies&linkID=6444"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana"></NOBR></font></a><font size="1" face="Arial,Helvetica,Verdana"> | </font><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=protect&linkID=6291"><font size="1" face="Arial,Helvetica,Verdana"><NOBR></font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=protect&linkID=6291"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana">Account Protection</font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=protect&linkID=6291"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana"></NOBR></font></a><font size="1" face="Arial,Helvetica,Verdana"> | </font><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=volatility&linkID=1424"><font size="1" face="Arial,Helvetica,Verdana"><NOBR></font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=volatility&linkID=1424"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana">Market Volatility Message</font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=volatility&linkID=1424"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana"></NOBR></font></a><font size="1" face="Arial,Helvetica,Verdana"> | </font><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=terms&linkID=6014"><font size="1" face="Arial,Helvetica,Verdana"><NOBR></font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=terms&linkID=6014"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana">Terms</font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=terms&linkID=6014"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana"></NOBR></font></a><font size="1" face="Arial,Helvetica,Verdana"> | </font><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=copyright&linkID=4153"><font size="1" face="Arial,Helvetica,Verdana"><NOBR></font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=copyright&linkID=4153"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana">Copyright Policy</font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=copyright&linkID=4153"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana"></NOBR></font></a><font size="1" face="Arial,Helvetica,Verdana"> | </font><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=investprotect&linkID=3435"><font size="1" face="Arial,Helvetica,Verdana"><NOBR></font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=investprotect&linkID=3435"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana">Investor Protection Sites</font></a><a href="http://www.schwab.com//SchwabNOW/ReDir?from=phome&to=investprotect&linkID=3435"><font color="#FFFFFF" size="1" face="Arial,Helvetica,Verdana"></NOBR></font></a><font size="1" face="Arial,Helvetica,Verdana"><br> </font></p> <p align="center"><font color="#666666" size="1" face="Arial, Helvetica">�2001 Charles Schwab & Co., Inc. All rights reserved. <br> Member SIPC/New York Stock Exchange, Inc. (0600-5854)</font> </p> </body> </html>