To: Spytrdr who wrote (8418 ) 9/12/1999 5:20:00 PM From: ecommerceman Read Replies (1) | Respond to of 13953
From the Web Report (Sept. 10th) eBrokers - Weekly Stock Volume Report - Scott Appleby - mailto:scott@rsco.com Volumes Update - With only four trading days this week due to the Labor Day Holiday, total trading volumes were down once again. Average daily Nasdaq volume for the week September 1-7 was 858 million shares traded, down 1.8% from the previous week's (August 25-31) average daily volume of 873 million. The NetDex also suffered this week with an average daily volume of 114,000 shares traded, down 14.5% from last week's average daily volume of 133,000 shares. We believe the holiday weekend had a negative impact on volumes as people took a break from trading to enjoy their day off. The eBrokerDex took a small dip to 129 on September 1 and 2, shortly after we reported last week's ending Index on August 31 of 131. Hos Ltd, an international financial institution providing global securities execution and settlement services. While E*Trade currently offers online trading for residents of the UK, Sverige (Sweden, Finland, Norway, Iceland, and Denmark), Australia, Canada and France, the acquisition of TIR will further E*Trade's international capabilties, allowing it to offer its online customers access to global securities trading. We continue to believe E*Trade is well positioned as a global leader in the online brokerage industry. However, prices went back up toward the end of the week, closing at 135 on September 7, up 3% from last week. While the eBrokerDex is still down 28% from the beginning of the quarter, we once again emphasize our belief that the Brokers' lackluster performance is a result of the seasonal lull in trading volumes that occurs each year. E*Trade Update- This week, E*Trade completed its acquisition of TIR Holding