CHARLES SCHWAB TO MATCH ALL COMPETITORS' PUBLISHED TRADE EXECUTION GUARANTEES FOR STREET SMART PRO® & SCHWAB TRADER CTTM CLIENTS

CHICAGO, June 24, 2004 - In a move intended to put an end to the "guarantee game," Charles Schwab and Co. Inc. today announced that it will match any of its competitors' advertised execution guarantees for active traders using the Street Smart Pro or Schwab Trader CT platforms.

Andy Gill, senior vice president of Schwab's Active Trader enterprise, said: "Other brokers keep trying to one-up each other with execution guarantees -- but with our new match guarantee we've put an end to their game. At Schwab, our customers expect our leading edge trading technology to provide direct access to excellent liquidity, at a very competitive price. So rather than try to one-up the competition, Schwab has decided to simply match any execution guarantees in the marketplace, while we provide our customers with that they really want -- price, liquidity and speed."

The Schwab Trader CT platform features a host of trading tools geared to the most advanced active traders, including streaming charting, a powerful stock screener, advanced stops, and the latest news as well as technical and client support via instant messaging, e-mail and phone.

Last month, Schwab announced a flat $9.95 commission for Schwab Trader CT clients executing online equity orders of any size, no matter how many shares are traded. Street Smart Pro is Schwab's premiere stock trading platform for Schwab Signature Traders, investors who trade actively and generally desire a higher level of support and advice.

A print and online advertising campaign announcing Schwab's execution guarantee match will kick-off today during the Second Annual Chicago Traders Expo, in conjunction with a full-day active trading workshop hosted by Charles Schwab and CyberTrader, and featuring market analysis and trading strategies from some of the leading names in the industry.

CONTACT:
Sondra Harris
Charles Schwab
415-636-3292
Andy Yemma
914-656-2551

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