The Charles Schwab Corporation to List Solely on NASDAQ
December 15 2005 - 8:45AM
PR Newswire (US)
Trading Under New Symbol 'SCHW' to Begin December 20, 2005 SAN
FRANCISCO, Dec. 15 /PRNewswire-FirstCall/ -- The Charles Schwab
Corporation today announced that it will list its common stock on
the NASDAQ(R) National Market exclusively, ending the dual listing
of its stock on both NASDAQ and the New York Stock Exchange. "We
are delighted to be more closely associated with NASDAQ and its
impressive group of listed companies," said Charles R. Schwab,
Schwab Founder, Chairman and CEO. "Since its inception, NASDAQ has
shown a spirit of innovation and a focus on leveraging technology
to provide investors the benefit of fast, high quality and low cost
trade executions. After a dual listing trial of nearly two years,
we are convinced of NASDAQ's commitment to a highly competitive,
well regulated marketplace that is optimal for trading our stock."
Schwab plans to cease trading on the New York Stock Exchange and
elsewhere under its NYSE symbol SCH effective with the market close
on December 19, 2005. The company's stock will begin trading on the
NASDAQ National Market under the new symbol SCHW upon market open
December 20, 2005. About Charles Schwab The Charles Schwab
Corporation (NYSE/Nasdaq: SCH), through its operating subsidiaries,
provides securities brokerage and financial services to individual
investors and the independent investment advisors who work with
them. With over 7 million individual investor accounts and more
than $1 trillion in client assets, The Charles Schwab Corporation
is one of the nation's largest financial services firms. Its
subsidiary Charles Schwab & Co., Inc. (member SIPC) provides a
complete range of investment services and products, including an
extensive selection of mutual funds; financial planning and
investment advice; retirement plans; referrals to independent
fee-based investment advisors; and custodial, operational and
trading support for independent fee-based investment advisors
through its Schwab Institutional division. Its subsidiary Charles
Schwab Bank (member FDIC) provides banking and mortgage services
and products. The corporation's other operating subsidiaries
include U.S. Trust Corporation (member FDIC) and CyberTrader(R),
Inc. (member SIPC) (A05-105 / 82043). These companies' Web sites
can be reached at http://www.schwab.com/,
http://www.schwabbank.com/, http://www.ustrust.com/, and
http://www.cybertrader.com/. About NASDAQ NASDAQ(R) is the largest
electronic screen-based equity securities market in the United
States. With approximately 3,200 companies, it lists more companies
and, on average, trades more shares per day than any other U.S.
market. It is home to category-defining companies that are leaders
across all areas of business including technology, retail,
communications, financial services, transportation, media and
biotechnology. NASDAQ is the primary market for trading
NASDAQ-listed stocks. For more information about NASDAQ, visit the
NASDAQ Web site at http://www.nasdaq.com/ or the NASDAQ Newsroom at
http://www.nasdaq.com/newsroom/. (0005-7038) DATASOURCE: Charles
Schwab CONTACT: Media, Greg Gable, +1-415-636-5847, , or
Investors/Analysts, Rich Fowler, +1-415-636-9869, or , both of
Charles Schwab Web site: http://www.nasdaq.com/ Web site:
http://www.schwab.com/
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