Schwab Adds News, Bond Trading to Web Site
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Charles Schwab & Co., the largest provider of online brokerage services, has added corporate bond trading and breaking news to its Web site in what may be a first-of-its-kind Internet offering. The site will include Moody’s and Standard & Poor’s rating information and Dow Jones Online News headlines every 15 minutes. Schwab spokesman Tom Taggart said he doesn’t know of any other sites providing corporate bond trading. San Francisco-based Schwab says it holds about 50% of the online trading market with more than 700,000 online accounts and $50 billion in online assets.
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