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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: TFF who wrote (7710)10/7/1999 2:54:00 PM
From: TFF  Read Replies (1) of 12617
 
DLJdirect, Fidelity to Offer Extended Hours Trading

New York, Oct. 7 (Bloomberg) -- DLJdirect Inc. and Fidelity
Investments' brokerage unit said they'll offer up to four hours
of extra stock trading within the next month, becoming the latest
on-line brokers to stretch the trading day.

DLJdirect, the online brokerage of Donaldson, Lufkin &
Jenrette Inc., will offer early morning and evening stock trading
sessions in late October.

The morning session is expected to run from 8 a.m. to 9:15
a.m., with evening trading from 4:15 p.m. to 7 p.m. Clients will
be able to enter limit orders for selected securities and all
Nasdaq national and smallcap issues.

Fidelity's Powerstreet on-line trading unit will offer
trading from 4.30 p.m. through 8 p.m. Customers will be able to
place limit orders for Nasdaq securities and a limited number of
listed securities.

DLJdirect and Fidelity will offer the trading through
Redibook, a network they recently established with Spear, Leeds &
Kellogg, a market maker, and Charles Schwab Corp. Schwab
announced its own after-hours plans to use RediBook last week.

RediBook, an electronic communications network, can match
after-hours stock orders.

Salomon Smith Barney introduced extended trading hours for
its customers last month. Merrill Lynch & Co. said it has a
similar plan in the works. Bear Stearns & Co. has no plans to
extend trading hours.

DLJdirect shares rose 5/8 to 16 1/2 in afternoon trading.
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