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IBM's WebSphere Software to Provide Foundation for Financial Service Leader's Next Generation e-Infrastructure

Support for High-Volume Transactions Key to Schwab Decision

SOMERS, NY - 18 Dec 2001: IBM announced today that Charles Schwab & Co., Inc. will use IBM WebSphere software to build its next-generation e-infrastructure.

Schwab has reaffirmed the choice to use WebSphere for many of its next-generation trading applications. While Schwab continues the dual vendor application server strategy they have employed for several years, they have selected WebSphere, already an integral component of Schwab's active trader offering, to power its flagship Schwab.com Web site. Schwab will take advantage of WebSphere's open standards support for J2EE to leverage re-use within their component architecture. Schwab is also partnering with IBM to explore the use of Web services to facilitate the use of universal interfaces in simplifying application integration within their infrastructure.

"Reliability is critical to meeting client needs," said Rich Freyberg, Senior Vice President of Schwab's Services for Investment Managers Technology. "This is especially the case for the technology infrastructure that serves the needs of so many of our clients who turn to Schwab.com for information that's important to their investment decisions."

Specifically, Schwab will use a wide variety of WebSphere products to power its next-generation e-infrastructure, including: WebSphere Advanced Edition Application Server software; WebSphere Enterprise Edition; WebSphere Edge Server; and several components of the WebSphere MQ family of messaging products.

Schwab will use WebSphere software tools, such as WebSphere Studio Application Developer, to build applications and the WebSphere server software to deploy those applications on the Internet and manage high-volume transactions. In addition, Schwab is working with IBM's High Volume Web Site team to deploy WebSphere caching technologies to speed transactions for customers as well as to better utilize computing resources.

"Charles Schwab is an industry-leading financial services company and a leading e-business," said John Swainson, General Manager, Application and Integration Division, IBM Software Group. "Schwab's e-infrastructure needs to be highly reliable, scalable and capable of handling the different transactions of millions of customers each day. As a result, Schwab chose WebSphere because of its unique capability to meet all these needs providing an e-infrastructure that fully supports open standards-based applications."

Contact(s) information

Laurie Friedman
IBM Media Relations
(914) 766-1299
laurie1@us.ibm.com

Cory Warren
Charles Schwab & Co.
(415) 667-1726
cory.Warren@schwab.com

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Information Management, Lotus, Tivoli, Rational, WebSphere, Open standards, open source

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