SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Charles Schwab (SCH) -- A tech-stock profile?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: lebo who wrote (857)8/25/1999 8:11:00 AM
From: John Carragher  Read Replies (3) of 1390
 
Dow Jones Newswires -- August 24, 1999
Dow Jones Newswires

Charles Schwab Unveils Online Trading Sys Velocity

SAN FRANCISCO -- Charles Schwab & Co. (SCH) unveiled Velocity, an online trading system
for active investors that speeds the transfer of trade and stock quote information between the
investor and the company.

The company defines as active investor as one who makes at least 100 trades a year.

In a press release Tuesday, Schwab said the system allows clients to trade on multiple accounts
without separate log-ins and to submit multiple orders from a single screen. Velocity also runs while
clients simultaneously log on to the Signature Services customer center.

The system is available to all Signature Services clients, who have $100,000 a year in household
equity or more than 12 commissionable trades annually.

As reported Tuesday in The Wall Street Journal, Schwab sent new CD-ROM disks to 40,000 of
its "platinum customers," those with $1 million or more in assets or who make 48 or more trades a
year.

In the fourth quarter, the company plans to introduce real-time streaming quotes, Nasdaq Level II
quotes and real-time news, as well as portfolio management and options.

-Lisa Reynolds; 201-938-5400
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News