Julius,
I am not sure if anyone has mentioned SEGB (OTCBB) yet so I will. SEGB is one of CPT.v's subsidiaries. I'll post a recent research link below and some more stuff on it below that. I feel they should be considerred for your China portfolio as they are "targetting" Chinese traders in mainland China and overseas (here) with their Chinese language platform... I'm thinking it is the only one, if not one of few Chinese language trading sites... They have about 14.6 Million shares OS, and CPT.v owns about 12 Million of those shares... Small float.
J-R
stockhouse.ca
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SE Global Equities Corp. conducts its business primarily through wholly owned subsidiaries SE Global Equities, Inc., SE Global Capital, Inc. and Global-American Investments, Inc. The Company, through its subsidiaries and affiliates, is a provider of direct access trading software and financial resources for international investors. It provides customers with access to a global alliance network of 30 brokerage firms, 24 hours a day, covering 29 stock exchanges spanning five continents. The Company provides direct access trading software, SE Global Trade and SEG Lite, and markets data through a formal licensing and worldwide distribution agreement with Direct Access Financial Corporation. It pays a licensing fee to license the direct access trading software. Users of the SE Global Trade and SEG Lite software open trading accounts directly with its subsidiary, Global-American Investments, Inc., which is a United States-registered broker-dealer, or through any one of its alliance brokers.
In recent years, the global securities industry has experienced sweeping changes. According to the U.S. Securities Industry Association cross-border investing is now doubling every three years and rapidly approaching $7 trillion and global markets are more open than ever before. Industry studies suggest the number of global online trading accounts will exceed 100 million by 2005, more than four times the number in 2000.
According to an equity research report entitled Financial Technology March 2003 by Bear Stearns consolidation would continue within the direct-access trading space. Furthermore the report concluded that total online accounts grew by 8%, to 20.5 million from 19 million one year ago and that online trading volume still accounted for more than 32% of daily combined NYSE and Nasdaq share volume.
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