Schwab says high volumes and technical issue with key vendor triggered Monday's outage

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Schwab says high volumes and technical issue with key vendor triggered Monday's outage
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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 ...

FILE PHOTO: The company logo for Financial broker Charles Schwab is displayed at a location in the financial district in New York - 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 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.

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