Leibowitz Turns to Automation

PROFILE

When Larry Leibowitz started with Schwab Capital Markets in October 2001, the company was just coming to grips with changes like decimalization that were beginning to shift the traditional streams of revenue. "When I started, Schwab Capital Markets had two problems: It was traditionally an over-the-counter market maker and it specialized in retail," says Leibowitz, senior vice president and head of the equities division of Schwab Capital Markets. "The dynamics had changed and there were

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