CyberTrader Unveils Enhanced Quote Delivery for Active Traders At CyberTrader and Charles Schwab.Business Editors AUSTIN, Texas--(BUSINESS WIRE)--April 8, 2003 CyberTrader Inc, the direct access brokerage subsidiary of The Charles Schwab Charles Schwab can refer to:
See: New York Stock Exchange :SCH SCH School SCH Schedule SCH Search SCH Semester Credit Hours SCH Santander Central Hispano (bank in Spain) SCH Socket Head SCH Synchronization Channel SCH Succinylcholine SCH Space Center Houston ), announced today a new direct streaming real-time quotation service for active trader clients at both CyberTrader and Schwab. The new ticker plant quote system is designed to supply clients with faster quotes by providing a direct connection from the market to the trader's workstation. The central quote processing system aggregates and distributes live quote feeds from most US exchanges, ECNs and other market centers, as well as up-to-the-minute news items from Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance and Comtex News, to CyberTrader and Schwab customers. "The rapid delivery of market quotes is critical to active traders," said Vincent Phillips, senior vice president for Products and Technology at CyberTrader. "The ticker plant gives CyberTrader greater control, speed and flexibility in delivering quotes to clients who use the data for rapid decision-making." Previously, quotes were distributed by market data vendors who contracted with the exchanges. Developed by CyberTrader's own technology team, the ticker plant delivers an estimated 20 billion stock market quotes per day to traders using CyberTrader's 3 trading platforms as well as Schwab's StreetSmart Pro and Velocity trading platforms. The quotes, captured directly from the market sources (i.e.: New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , Nasdaq, ECNs), are formatted for customized use by the ticker plant and routed directly to customers at CyberTrader and Schwab. "Our ticker plant's architecture is scalable in order to handle an increasing client base and adaptable enough for an even greater breadth and depth of critical market information in the future," added Phillips. For more information about CyberTrader, Inc. please visit www.cybertrader.com or call 1-888-76-CYBER. About CyberTrader: CyberTrader, based in Austin, Texas, is a Direct Access Broker specializing in electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. and brokerage services. CyberTrader provides customers with real-time streaming data Data that is structured and processed in a continuous flow, such as digital audio and video. See streaming audio and streaming video. as well as direct connections to the markets via ECNs, all 5 options exchanges and over 450 market makers. CyberTrader offers its customers two software-based trading platforms -- CyberX2 and CyberTrader Pro -- as well as web and wireless access. In March 2000, CyberTrader was acquired by Charles Schwab and is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Charles Schwab Corporation. CyberTrader customers are able to maintain accounts with both Charles Schwab and CyberTrader and can transfer funds seamlessly between the two. |
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