Charles Schwab is seeking to launch trading of foreign equities in local currencies by early next year, The Wall Street Journal reports. The San Francisco-based online brokerage firm will unveil the new service along with Broadridge Financial Solutions.
The facility will allow Schwab customers to access markets, such as Japan and Australia using Japanese yen and Australian dollar. Clients can deal with shares of companies trading across 12 markets in eight local currencies, adds USA Today.
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