Charles Schwab (SCHW) on Wednesday announced that it plans to expand its 24-hour trading, becoming the latest brokerage to embrace round-the-clock markets.

Select Schwab clients will be able to trade all S&P 500 and Nasdaq-100 stocks, as well as hundreds of exchange-traded funds (ETFs), at any time Monday through Friday. The firm will gradually extend the capability to all clients in 2025. Schwab clients currently can trade about two dozen ETFs in the overnight session.

“Our goal has always been to offer and expand access to 24/5 trading in a responsible way that takes into account client demand, the evolving dynamics of the overnight trading market, and – importantly – providing clients with the full library of Schwab’s educational content and 24-hour support to help them balance the opportunities and risks, as well as the unique considerations of overnight trading,” said James Kostulias, the firm's managing director and head of trading services, in a statement. 

Brokerages and exchanges alike have sought in recent years to capitalize on the U.S. stock market's exceptional performance by pushing to extend the trading day. Robinhood (HOOD) launched its 24 Hour Market last year, and has since expanded the list of stocks and ETFs that investors can trade in the middle of the night. 

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, said last week that it planned to extend trading on its digital platform to 22 hours a day, a decision that executives say “underscores the strength of our U.S. capital markets and growing demand for our listed securities around the world.”