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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Spytrdr who wrote (8487)	9/15/1999 11:46:00 AM
From: Grandk	Respond to of 13953

ETRADE Earns Gomez Advisors' #1 Ranking For Second Consecutive Quarter Gomez Review Says ETRADE 'Simply Does Not Rest On its Laurels . . . Offers More Features, Tools and Services Than its Peers' MENLO PARK, Calif., Sept. 15 /PRNewswire/ -- ETRADE® Group Inc. (Nasdaq: EGRP - news) today announced that for the second consecutive quarter ETRADE has earned the number one ranking in Gomez Advisors' quarterly Internet Broker Scorecard. This number one ranking in Gomez Advisors' Fall 1999 Scorecard marks the fourth quarter in the past five in which ETRADE claimed the top spot for online investing sites. ETRADE received top rankings in the Overall Score, Ease of Use and On-Site Resources categories, and also was the top-ranked site for both the Serious Investor and the Hyper-active Trader. During this ranking period, ETRADE won more number one rankings than any other individual competitor, including Charles Schwab, TD Waterhouse and Ameritrade. ''When you have a single-minded focus on putting customers first, people notice. But we are far from satisfied,'' said Christos M. Cotsakos, chairman and chief executive officer of ETRADE. ''In the months ahead, we'll be giving consumers even more compelling reasons to use ETRADE for all their financial needs as we pursue our goal of creating the world's leading electronic personal financial services company.'' According to the just released Gomez review (www.gomez.com), ''ETRADE continues to add improved functionality to its site, making it the firm to beat on a quarterly basis. ETRADE simply does not rest on its laurels. ETRADE simply offers more features, tools and services than its peers and offers them at a competitive price.'' Since the last Gomez Advisors Scorecard results were published, ETRADE has made a number of site and service enhancements, including: An enhanced Power ETRADE offering, featuring special commission rebates as low as $4.95, free streaming Nasdaq Level II quotes, preferred IPO allocations, easier site navigation and an upgraded Trading Desk. Destination ETRADE 2.0, ETRADE's next generation web design, featuring faster and more intuitive navigation, a fully integrated ETRADE Bond Center, an improved Account Services area, a new Stocks and Options area and other improvements. Expanded service and support, including a greatly expanded team of customer service associates available live 24x7x366 via telephone or e-mail and supported by heavy investments in customer support technology and training, an expanded 24-hour online help center and expanded live customer service online forums. An agreement with Instinet, the world's largest agency brokerage firm, to offer online after hours trading to all ETRADE customers. Customers will be able to trade both listed (NYSE) and Nasdaq equities from 4 to 6:30 p.m. ET. A new IPO Center ''News & Views'' service, combining CBS MarketWatch.com's ''IPO Daily Report'' and Renaissance Capital's ''IPO Intelligence Online.'' ''News & Views'' provides ETRADE's customers, members and visitors with free access to authoritative, up-to-the-minute public offering news, commentary and calendars. Introduction of a series of proprietary mutual funds, including the ETRADE Technology Index Fund, Extended Market Fund and the Bond Index Fund, all of which will be advised by ETRADE Asset Management Inc. and distributed by ETRADE Securities Inc. The funds are available exclusively to ETRADE customers, and are in addition to the already existing proprietary S&P Index Fund. Additionally, ETRADE has filed for an ETRADE E-Commerce Index Fund and an ETRADE International Index Fund which are currently in registration. Gomez Advisors' Internet Broker Scorecard is based on a rigorous review of the nation's top 53 online brokerages, across 10 major categories and 150 different criteria. Gomez Advisors is an online leader in providing e-commerce research and analysis. The overall research for the quarterly rankings analyze specific sites through direct examination, e-mails and phone calls to customer service representatives, a survey completed by the respective company and performance monitoring of the site by Gomez Advisors. On the international front, last week ETRADE Canada was ranked number one by the Globe and Mail newspaper in Toronto for ''delivering an easy-to-use- service with lots of extras for active investors.'' As further evidence of Destination ETRADE's popularity with consumers, the site is now number two among all sites worldwide in average minutes per user per month, commonly known as ''stickiness,'' according to figures recently compiled by Media Metrix(TM) and reported by Morgan Stanley Dean Witter in The Internet Company Handbook. According to this report, visitors to Destination E*TRADE spend an average of 66.5 minutes per month on the site, second only to eBay and greater than other popular Internet and financial services sites, including Yahoo!, Charles Schwab and The Motley Fool.

To: Spytrdr who wrote (8487)	9/15/1999 8:41:00 PM
From: LABMAN	Respond to of 13953

Eight ECNs To Form Extended Hours Network - CNBC By Reuters, 09-15-99 20:12 Eight ECNs To Form Extended Hours Network - CNBC NEW YORK (Reuters) - Eight U.S. electronic communications networks (ECNs) that match stock trades have agreed to form an extended-hours trading network, the CNBC business news network reported. CNBC said late Wednesday the ECNs include Archipelago ECN, Island ECN and Instinet Corp. of the news and financial data company Reuters Group Plc . It said they planned to make an announcement early Thursday.

To: Spytrdr who wrote (8487)	9/15/1999 11:47:00 PM
From: ecommerceman	Read Replies (2) \| Respond to of 13953

It's sort of ironic, isn't it, that Merrill Lynch is putting EGRP into their new internet fund? ragingbull.com

To: Spytrdr who wrote (8487)	9/16/1999 2:06:00 AM
From: Spytrdr	Read Replies (2) \| Respond to of 13953

ECNs Sign Pact to Link After-Hours Orders By Caroline Humer Staff Reporter 9/15/99 7:31 PM ET Electronic trading systems are coming together to try to improve the credibility of the nascent after-hours trading market. After about four weeks of wrangling, eight different electronic trading companies are expected to announce Thursday that they will try to improve transparency by linking their systems and building a consolidated order book, according to three people with knowledge of the agreement. The pact is an attempt to produce more order flow, and thus a more liquid and representative after-hours market, which until recently had been the province of institutional investors. After-hours platforms open to individual investors launched this summer but haven't attracted a wave of investors. The following ECNs have signed the document: Instinet, owned by Reuters(RTRSY:Nasdaq); Island, owned by Datek Holdings; Archipelago; BRUT; Strike Technologies; REDIbook, a venture of Fidelity, Charles Schwab(SCH:NYSE), Speer Leads & Kellogg and Donaldson Lufkin & Jenrette(DLJ:NYSE); Bloomberg's Tradebook and MarketXT, these people said. The agreement may have larger implications. "Anything that can bring after-hours to mirror the daytime is a huge positive," said Greg Smith, an online financial services analyst with Hambrecht & Quist. And, he said, it will likely push the Nasdaq and the NYSE to consider their own stances. "All along I think the exchanges have felt the heat and are under the gun to respond, so I think it will push them." The agreement stipulates that the various trading systems will contribute to a consolidated tape, improving investors' chances of getting the best possible execution of their order during the lightly trafficked after-hours sessions. Uniting orders from disparate systems, in the best-case scenario, may produce a more vibrant market. Critics of after-hours trading have said the current separation of markets hurts investors. For example, an investor trading during MarketXT's evening session currently can't see an order from a customer that has placed an after-hours trade through Island or Instinet. "It's an attempt to legitimize after-hours," said one of the people. "One of the biggest complaints has been fragmentation." The agreement doesn't spell out which trading systems will connect to which other systems, and it doesn't say how this consolidated tape, which would allow investors to see other systems' quotes, will be built. It also doesn't establish any specific timeline. After-hours trading has gotten the attention of investors nationwide this summer with the launch of MarketXT earlier this month. The all after-hours trading system runs from 6 p.m. EDT to 8 p.m. EDT, trading the top 100 stocks on the Nasdaq and the top 100 on the NYSE. The exchanges themselves haven't gotten involved in after-hours trading, waiting until 2000 in part because of regulatory pressure to proceed carefully. MarketXT is competing with the Island ECN, which is available from 8 a.m. EDT to 8 p.m. EDT as of today. The firm has about 200 subscribers, 73 of which have used its after-hours service. Island is the ECN of choice for Datek, which also extended its trading day Wednesday to add morning and evening trading. Other online brokerage firms, like DLJdirect, Schwab and E*Trade (EGRP:Nasdaq), say that they are going to be getting into after-hours trading and will use ECNs. So while after-hours trading has started slowly, academics and analysts expect it to pick up, particularly once the exchanges get involved.