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

To: Spytrdr who wrote (9079)	10/28/1999 8:57:00 AM
From: Spytrdr	Read Replies (2) \| Respond to of 13953

ETRADE Invests in Pan-European Exchange October 27, 1999 By the InternetNews.com Staff Finance News Archives [Westport, CT] With an eye to its global ambitions, ETRADE Group Inc. Wednesday invested in The European Association of Securities Dealers Automated Quotation (EASDAQ). Stephen Richards, senior vice president of electronic trading strategies for ETRADE, will join EASDAQ's International Advisory Board. EASDAQ, the only pan-European stock market, says it maintains its objectivity by garnering support from a range of international shareholders. ETRADE (EGRP) is calling the investment another step in its strategy to grow emerging exchanges, such as electronic communications networks, as part of its plan to bring individual investors into an international trading system. "We view this investment as a natural progression in our global strategy to leverage our all-electronic model and expand ETRADE's brand internationally," said Richards. "EASDAQ is an example of an electronic platform that we believe will exemplify the industry's future direction." ETRADE Monday bought its own licensee for the Nordic region, then turned around to launch two joint ventures for ETRADE services in Norway and Denmark. Last week, the company again furthered its goal of presence in the top 20 world markets through a joint venture for a branded site in Germany. The ETRADE Germany venture includes Berliner Effektenbank AG and New York Broker Germany AG.