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To: Lizzie Tudor who wrote (40514)	5/12/1999 12:07:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 86076

online trading through australia: this is a egrp marketing campaign. but if you look at barclays and bank of new york and td and many other big banks they are also planning, or have, international online brokerage services. I'd much rather use BK, would move my money there in a heartbeat if they set up the service because I'm certain they can trade adrs cheaper and faster than anybody else and close the inefficiencies that exist between foreign exchanges and US exchanges. trading will be free soon imho.

To: Lizzie Tudor who wrote (40514)	5/12/1999 12:46:00 PM
From: Moominoid	Respond to of 86076

Currently Commonwealth Securities will do US trades on the phone for $A100 vs $A29 for Australian trades on the web. Until a few years ago the Commonwealth Bank was a government owned bank that was far from innovative <g>. Of course richer investors have always been able to use brokers here to place US trades. E-trade currently has US quotes with actual trades coming later in the year. Our equivalents of J6P can invest in the US market through managed funds (mutual funds) and superannuation funds. There are no restrictions on investing abroad for Australians though foreign based mutual funds are problematic for a number of reasons. David