Charles Schwab Nears Decision On Next-Generation Quote System, Demands Unbundling Of Hardware From Data

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Charles Schwab & Co. could decide by the end of November who is to provide its next-generation quote service. The Schwab contract, which involves more than 100 branches, is the latest example of the growing industry trend to unbundle hardware from the software and data components of the service.

"It's our intention from an architectural standpoint to keep these two issues separate," says Schwab executive vice president Woodson Hobbs, "to keep the hardware that's required both at the host and