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BRIEF OBJECTS

SCHWAB PICKS LAVA OMS

Schwab Institutional has chosen Lava Trading's ColorPalette as one of its trading and order management systems (OMSes), officials say. Schwab Institutional, a division of Charles Schwab, is a provider of custodial, operational and trading support for independent, fee-based investment advisors. ColorPalette is a high-throughput, automated system for managing institutional and retail customer orders. It has an open architecture with standard and strategically placed APIs and

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