Schwab, Bloomberg vs. Liquidity Quote
Traders Magazine, July 2003
Now Charles Schwab & Co. has joined with Bloomberg Tradebook in its petition against the Big Board's Liquidity Quote service. Liquidity Quote, along with the NYSE's OpenBook product, is "discriminating" against individual investors. It is hurting them because they usually cannot afford these services, Schwab wrote in a brief to the Securities and Exchange Commission. The two services cost $600 a year, which is usually a big concern for individuals, Schwab said.
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