BN 6/10 E*Trade to Start Online Brokerage in U.K. With Hauser, FT Says
E*Trade to Start Online Brokerage in U.K. With Hauser, FT Says
Tokyo, June 11 (Bloomberg) -- E*Trade Group Inc., a U.S.-
based provider of online brokerage services, will announce today
a U.K. joint venture with Hermann Hauser, a venture capitalist,
to provide online dealing in the U.K. market, the Financial Times
reported. E*Trade is expected to contribute $6.4 million to the
venture, with about a third of it in cash and the rest in
technology. The venture, called E*Trade UK, will include Hauser's
online equities data service, Electronic Share Information, the
report said.
Earlier this month, E*Trade and Japan's Softbank Corp. said
they will set up an online securities company in Japan to take
advantage of deregulated trading commissions.
(Financial Times, 6/11, p1 www.ft.com)
--Koh Keat Kian in the Tokyo newsroom (813) 3201 8829/ad
ETRADE is going for global market growth.
Also,Has anybody signed up for the IPO'S coming out soon?
I'm in on the NETGRAVITY(NETG) offering and since its internet related it could be hot. |
