Charles Schwab & Co. said it plans to use new technology from International Business Machines Corp. to prepare for increased on-line trading.

Schwab said it would use what IBM calls "Geographically Dispersed Parallel Sysplex" technology, which enables servers located up to 25 miles apart to share data as if they were side by side.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.