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Ameritrade To Upgrade Broker-Dealer System

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NU Online News Service, May 15, 10:16 a.m. –Ameritrade Holding Corp., Omaha, Neb., says it will introduce a new trading system for its institutional clients at the end of May.

The system, Ameritrade Connection, will allow independent broker-dealers and registered investment advisors to manage multiple accounts, open accounts, and offer different types of information and services to different types of clients.

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The system will also provide customized stock quotes, handle block trades, and allow market open and on-close orders, Ameritrade says.