Aug 6 (Reuters) - Charles Schwab & Co. said
that high trading volumes and a technical issue with a key
vendor triggered temporary outages on its trading platform on
Monday, a day when its customers rushed to navigate an outsize
market selloff.
A spokesman for the firm didn't identify what kind of
technical issue hampered the ability of Schwab clients to log on
to their accounts, or name the vendor.
"A combination of higher volumes and a technical issue with
a key vendor affecting our systems, led to log-on issues and
call wait times that were longer than we expect," the spokesman
said in an emailed statement, adding the issues were resolved
and "platforms are fully available."