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Non-Tech : E*Trade (NYSE:ET)
ET 17.01+2.3%Nov 14 9:30 AM EST

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To: Phil Tran who wrote ()4/12/2000 12:05:00 PM
From: Spytrdr   of 13953
 
GLOBAL CROSS-BORDER TRADING NETWORK

"Global and institutional revenues increased by 23 percent during the second quarter reaching $41 million. The growth of institutional revenues was especially strong, fueled by the continuing strong results of TIR Holdings. With its global presence and experience, and based on its worldwide account base of more than 600 institutional clients, E*TRADE/TIR is playing a key role in building E*TRADE's global cross-border trading network, which is expected to launch later this fiscal year. This fully electronic network, the world's first, is currently in beta test. The new service will effectively allow investors to tap the US equities markets and transact in their home currency. Execution, clearing and settlement of the trades will occur simultaneously with the processing of the foreign exchange transactions. Ultimately, E*TRADE's exclusive global cross-border trading network will link the top international equities markets worldwide, allowing individual investors to uncover and execute investment opportunities wherever they exist. "

biz.yahoo.com
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