Banking on further globalization, Asian Internet stockbroker Boom on Wednesday launched an online trading account that allows Internet users to buy and sell shares in ten countries across the region.
Published:
21 September 2001 y., Friday
Boom, a company backed by two major regional banks, will offer Internet users access to shares traded in 12 stock exchanges in 10 Asia-Pacific nations, as well as to three U.S. stock markets.
The company says all markets can be accessed through one Internet trading account. Customers must reside in Asia, although Boom says it will accept qualified U.S. or European investors.
Previous to online share trading, international trading was quite an expensive investment for the average person. The Internet, and the expansion of online share-trading operations internationally, is beginning to change that.
The Boom service opens up the following stock markets: Australia's ASX; China's Shenzhen and Shanghai exchanges; Hong Kong's HKEx; the JSX in Indonesia, all exchanges in Japan; Korea's KSE; the PSE of the Philippines, Singapore's SGX; Taiwan's TSE; Thailand's SET; and the NASDAQ, NYSE and AMEX exchanges in the U.S.
The company said it also plans to bring the London Stock Exchange to its network soon.
Hong Kong-based Boom is backed by the Australia and New Zealand Banking Group (ANZ), one of Australia's biggest banks, the Overseas Chinese Banking Corporation (OCBC), the Hong Kong Eu Family, Silicon Valley pioneer Bill Hambrecht of online investment bank WR Hambrecht, and U.S. venture capital firm JF Shea Ventures.
Šaltinis:
Newsbytes.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
European Commission Vice-President Siim Kallas, responsible for transport, today presented to the College a preliminary assessment of the economic consequences for the air transport industry of the volcanic ash crisis.
more »
Boosting economic recovery, investing in Europe's youth and in tomorrow's infrastructures are the priorities of the 2011 draft budget adopted by the Commission on 27 April 2010.
more »
European Competition Commissioner Joaquín Almunia welcomes proposed commitments by Visa Europe to significantly cut its multilateral interchange fees (MIFs) for debit card payments.
more »
Because of the Icelandic volcano, flower growers in Colombia couldn't get their stems to markets in Europe.
more »
The Second Vice President of the Spanish government and Minister of Economy and Finance, Elena Salgado, on Sunday played down the importance of apparent fissures within the EU concerning the Greek financial crisis, expressing her confidence that all countries would support the aid package for this country, which will be accompanied by a tough budget-tightening plan.
more »
Commission launches an information campaign on the CE conformity mark - designed to ease the free movement of goods around Europe and protect consumers.
more »
If Europe's airports ever open again the introduction of new security measures like body scanners will be expensive.
more »
After Eurozone Finance Ministers agreed measures to address Greece’s financial woes last Sunday, MEPs quizzed leading economic figures, including the chairman of Goldman Sachs - former financial advisors to the Greek government - on how to strengthen EU economic governance and improve reporting of national statistics.
more »
The European Tourism Stakeholders Conference, being held in Madrid today and tomorrow, will explore ways and means to strengthen the visibility of tourism at a European level and to verify how the actions to promote a competitive EU tourism industry.
more »
The European Bank for Reconstruction and Development (EBRD), World Bank Group member IFC, and The Netherlands Development Finance Company (FMO) have joined up with the Asia Debt Management Hong Kong (ADM Capital) to establish a regional fund to invest in midsize companies facing financing difficulties as a result of the financial crisis.
more »