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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: VoyK who wrote (2466)	6/10/1999 11:45:00 AM
From: Blade Runner	Read Replies (2) \| Respond to of 10354

Just came across this article on CBS Market Watch dated today. Buy and sell shares online Wayne Asher, Daily Mail 10 June 1999 Britain's first internet stockbroker is preparing for launch. ETrade UK was authorised by the Stock Exchange on May 17 and plans to roll out its internet-only sharedealing service later this year. ETrade is a partnership between its U.S. parent, which has over a million accounts, and Electronic Share Information. Charges, however, have not yet been revealed. Dealing on-line is a huge business in the U.S., where some investors buy and sell every day - the so- called day trading phenomenon. On-line dealing is taking off in Britain too. Unlike traditional methods, it has two major advantages: You can buy and sell shares in real time. That is, you know exactly the prices at which your order will be executed. • You can often deal at better prices. This is because dealers can bundle together many small orders and find the best price on the market. Barclays Stockbrokers, for example, claims that more than half its on-line trades were executed at a price which was better than the Stock Exchange published price at the time. This does not mean that it is actually cheaper. In fact, it may be cheaper to deal by post or phone, as long as you are not fussed about finding the keenest dealing price. Internet stockbrokers are execution-only. They buy and sell on your instructions and you do not get any investment advice. Since stockbrokers are regulated by the Securities and Futures Authority, you are then protected by the Investors Compensation Scheme* in case of fraud. Your money is safe from hack-ers too. Internet brokers use encryption - electronic scrambling - to protect your data as it goes over the internet. But this means that your computers must be using an up-to-date browser such as Inter-net Explorer 4 or Netscape Communicator 4. Earlier versions do not support 128-bit encryption used to protect you. There are three big players in this business so far: • Barclays Stockbrokers will debit the cost of your purchase by direct debit and offers an initial dealing limit of £7,500. It charges 1.5 % on the first £5,000 and then 0.85 %, with a minimum commission of £17.50. • Stocktrade part of broker Brewin Dolphin, charges a fixed commission of £25 per transaction up to £12,500. For bargains of over £12,500, commission is charged at a rate of 0.2 %. You also have to pay an annual Crest Sponsored Membership service charge of £25. With Stocktrade, you have to deposit money to pay for your trading, on which you receive interest at 1 % below Bank of Scotland's base rate*. • Charles Schwab charges a minimum commission of £15 and rates of 0.9 % on the first £2,500, 0.75 % to £5,000 and 0.1 % thereafter. Its Frequent Traders Club, which offers access to in-depth financial information, has an annual member-ship fee of £60 and then a flat fee of £19.50 per transaction. You need to open an account before you can deal. Schwab allows you to buy and sell U.S. stocks on-line, so making it easy to deal in the high-risk/high-reward inter-net stocks in the U.S. You can also set limit orders good for that day's business. Wayne Asher is editor of This Is Money. Now look at this press release by ZSUN dated April 14, 1999 Wednesday April 14, 4:00 am Eastern Time Company Press Release SOURCE: ZiaSun Technologies, Inc. London Stock Exchange Gives Swiftrade Approval SAN DIEGO, April 14 /PRNewswire/ -- The London Stock Exchange (www.londonstockex.co.uk) has given approval for its live stock price feed to be made available through the on-line trading system, Swiftrade (www.swiftrade.com). Swiftrade is owned by US company ZiaSun Technologies Inc. (OTC Buletin Board: ZSUN) (www.ziasun.com) through a wholly owned subsidiary, Momentum Internet Inc. (www.momentumplus.com). Mr. John Hirsch, Managing Director of Momentum Internet, said, ''We have signed a 'London Market Information Link License Agreement' with the London Stock Exchange in preparation for the introduction of trading on the British market through Swiftrade.'' ''We are working with a UK broker to add this service as quickly as possible,'' he said. ''Clients using Swiftrade to trade in the London market will be able to get real time quotes on any UK listed stock and have their portfolios continuously updated.'' Swiftrade currently offers international investors the ability to trade on all US markets. With this approval by the London Stock Exchange, the UK market will be added shortly. ZiaSun Technologies is a provider of Internet products and services which, in addition to Swiftrade, include: 'M Finance' (www.mfinance.com), PINmail (www.pinmail.com), MediaHits (www.mediahits.com) and Search Dragon (www.searchdragon.com). Contacts: In North America contact our Investor Relations Department at: 1-800-773-7317 At ZiaSun Asia-Pacific Headquarters in Hong Kong, contact: John Hirsch + 852-2865-0946 jhirsch@ziasun.com Any statements released by ZiaSun Technologies Inc. that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the company's business prospects and performance. These include economic, competitive, governmental, technological and other factors discussed in the statements. SOURCE: ZiaSun Technologies, Inc. More Quotes and News: ZiaSun Technologies Inc (OTC BB:ZSUN - news) Related News Categories: internet It would appear that ZiaSun was doing its homework and is getting in on the London markets at just the right time. I thought that it was interesting.