Schwab Blames High Trading Volume and Vendor Issues for Outage

Reported 2 months ago

Charles Schwab reported that a surge in trading volume coupled with a technical issue from a key vendor caused temporary outages on their trading platform on Monday. Many customers faced difficulties logging into their accounts during a significant market selloff, and similar issues were reported by customers of other firms like Fidelity and Vanguard. The problems were resolved, and the platforms are now fully operational.

Source: YAHOO

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