EDITTORIAL
EDITTORIAL
Will REDIBook Lure The Institutional Investor To Schwab?
Included in ITT’s year-end analysis of ECNs was this bit of speculation: if Schwab and Fidelity--not to mention Paine Webber, Lehman Brothers and CSFB--can all get just along, watch out.
It’s a few weeks later, so let’s crank up that volume on that piece of noise. If Schwab and Fidelity can get along, maybe Schwab has a shot at some significant institutional business and can use REDIBook as the crowbar to pry it loose.
Lon Gorman, Schwab’s
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