Charles Schwab To Market Lotus Quote Services; Private-Label Deal Covers Signal, Quotrek
THIS MONTH'S LEAD STORIES
The omnipresent smiling visage of Chuck Schwab will be pitching real-time market data under a new deal between the Charles Schwab and Co. discount brokerage and Lotus Development Corp. The plan calls for Schwab to private-label the Lotus Signal and Quotrek services to its clients, and may eventually lead to distribution of other client information over the Lotus broadcast network.
"I think that over a four-year period we might find that five percent of our customers are going to be buying real
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