Wirless Trading:
NEW YORK, April 23 (Reuters) - Three small brokerages,
including Southwest Securities Group Inc.'s (NYSE:SWS) online
unit, on Monday joined a growing list of brokers that offer
wireless trading to customers, w-Trade Technologies said.
The Southwest unit, Mydiscountbroker.com, InvestIN.com
Securities Corp. and U.S. Discount Brokerage will start using
w-Trade's wireless trading system for the new service.
Mydiscountbroker.com customers will pay about $30 a month, in
addition to the one-time cost of buying a hand-held computer,
smart phone or two-way pager.
"If you have been exposed to online business, you can see
this business is exploding, often faster than technology can
keep up with," said Bruce Zucker, Mydiscountbroker.com's
president, in a brief telephone interview. "We want to create
as many avenues for our customers to trade as we can."
Discover Brokerage, the online brokerage unit of securities
firm Morgan Stanley Dean Witter & Co (NYSE:MWD), in February said
it would offer trading through a Palm Pilot, a popular
hand-held computer made by 3Com Corp (NASDAQ:COMS). Fidelity
Investments, the mutual fund and brokerage company, since
January has offered wireless trading through its InstantBroker
service using a two-way paging device pager.
w-Trade Technologies already has set up wireless trading
for small brokerages 1800Daytrade.com, R.J. Forbes, InvesTrade
and Wall Street Discount Corp through PalmPilot and other
wireless devices. |
