I will post this article since it is a statement of fact. It is competition to Swifttrade and I am sure many others will follow. Not only that but INTLTRADER.COM offers competitive access to U.S. markets - just $14.99 per trade (for market orders up to 5,000 shares.)
Tuesday January 25, 7:07 am Eastern Time Company Press Release International Assets Holding Corp. Announces the Launch of INTLTRADER.COM - The World's First Truly Global Online Trading Website NEW YORK--(BUSINESS WIRE)--Jan. 25, 2000--International Assets Holding Corp. (''the company'')(Nasdaq:IAAC - news) announced Tuesday the launch of INTLTRADER.COM - the only broker offering executable quotes and trading in foreign securities over the Internet. For the first time, international giants like BASF, Qantas, Porsche, Toshiba, Softbank - plus thousands of others - can be bought and sold online just like a domestic equity.
Before INTLTRADER.COM, online investors were limited to U.S. securities or to foreign companies that offered listed ADRs. Now, INTLTRADER.COM makes buying and selling global securities inexpensive and convenient. Investors can trade foreign securities during U.S. market hours for just $29.99, with all securities priced and transactions settled in U.S. dollars. In addition, INTLTRADER.COM offers competitive access to U.S. markets - just $14.99 per trade (for market orders up to 5,000 shares.)
INTLTRADER.COM also provides a wealth of resources designed to help global investors make informed investment decisions. In addition to executable international equity quotes priced in U.S. dollars, users can monitor market indices and currency movements worldwide. The site also features extensive links to global equity data online, including a database profiling thousands of foreign companies around the world.
INTLTRADER.COM's Chief Operating Officer is Brent Bessire, formerly a founding employee and Senior Vice-President at Lombard Brokerage (today Morgan Stanley Dean Witter Online). ''INTLTRADER.COM is the first site to give investors easy online access to international securities,'' said Bessire. ''I believe this will take online investing to a whole new level.''
INTLTRADER.COM draws from the extensive expertise of its parent company, International Assets Holding Corp. (Nasdaq:IAAC - news). Founded in 1987 and publicly traded since 1994, the company's business is conducted through two principal operating subsidiaries: International Assets Advisory Corp. (IAAC; www.IAAC.com) and Global Assets Advisors (GAA). IAAC is a dealer of global securities offering institutional and retail investors access to financial markets around the world. GAA is a registered investment advisor offering global money management to high net-worth individuals and institutions. INTLTRADER.COM was formed in 1998 to execute the company's strategy of offering 24-hour online trading of foreign and domestic securities. INTLTRADER.COM, a member of NASD, is registered with the Securities and Exchange Commission and is a member of the Securities Industry Protection Corp.
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