Schwab Re-Signs With Quotron But Also Pilots ADP, ISX And New Quotron Platform

BROKER WATCH

Charles Schwab & Co. two weeks ago opted to extend its Q1000 market data service deal with Quotron an additional three years - - even as it went live with pilots of ADP's and ILX's broker workstation platforms. As part of the interim agreement, Quotron will compete against ADP and ILX for the right to provide next- generation market data service to 3,600 users at the firm.

As part of a wider five-year re-engineering project at the firm, Schwab is seeking a replacement for the highly customized

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