Charles Schwab - Expanding Online Trading Applications |
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» IT & Systems Case Studies Collection Please note: This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source. |
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"Schwab needed a more efficient IT infrastructure to improve both time to market and hardware resources utilization. With the rapid growth of our online brokerage solution, we needed to start looking into more efficient ways to leverage our hardware and our development resources." - Purna Roy, Director, Web Systems Availability, Background Note
It was one of the top three mutual fund distributors in 1999 in the US (Refer Exhibit I & II for Schwab's products and services).
1] The National Association of Securities Dealers
Automated Quotation System (NASDAQ) is a US-based stock exchange, dealing
largely in technology stocks. Started in 1971, NASDAQ was the first screen
based, floor less trading system and was the second largest stock market in
the US.
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