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Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX) -- Ignore unavailable to you. Want to Upgrade?

To: Nick Morvay who wrote (633)	3/1/2001 1:59:52 PM
From: gg cox	Respond to of 960

Message 15431655 .....""CROSS BORDER. Goldman's Holzer estimated there are 230,000 daily online trades in Europe -- well behind the 1.1 million in the United States -- and "almost minimal" cross border, though long-term this could rise to 15 to 20 percent of daily transactions. Blue Sky's Nolan estimated that for the leading e-brokers in Europe, foreign trades represent 10 to 25 percent. Holzer said cross border trade in Europe is hampered by multiple regulations, inefficient clearing and settlement, and excessive international transaction costs which are seven to 10 times trading costs in the United States, a market of comparable size. "The most important issue is how you get clearing and settlement in place," Holzer said. "But we feel there is long term demand for international investment." Retail investors are already prompting exchanges to open later, with some German e-brokers offering markets on Saturday and Sunday, while some regional German exchanges offer very late trading or alliances with brokers, steps which the Deutsche Boerse will be forced to respond to even though there is some worry about the lack of liquidity in after hours trading at the moment, Holzer said.""