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To: Michael Ohlendorf who wrote (19529)4/2/1999 8:06:00 AM
From: t2  Read Replies (1) | Respond to of 74651
 
Micheal, In Canada, the discount or on-line brokerages are all owned by the major Canadian banks. The only exception is E-Trade and in the couple of months Charles Schwab just entered the Canadian.
I Canadian market is dominated by Toronto Dominion Bank, which I believe is the 3rd largest discount brokerage in the World---owns Waterhouse and Jack Whyte among others. I am just waiting for them to spin off these as it has been rumored. That is why I hold their shares.
In Canada, the level of trust you "feel" with a discount brokerage arm of the bank cannot be matched by E-trade and Charles Schwab. That is why they can't do very well here and neither can their stocks.

Europe and Australia may be great markets as they may not be saturated as they are in Canada and US. E-trade might be able to move fast before the banks too involved.
Just my opinion,