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
The EBRD is increasing the availability of financing to the real economy in Hungary, with a €50 million credit line to CIB Bank, including at least €10 million equivalent denominated in Hungarian Forint.
more »
At the end of March 2010, AB Bank SNORAS deposit portfolio exceeded LTL 5 billion, of which over LTL 3 billion are household deposits.
more »
In affirmation of Vietnam’s remarkable progress towards Middle Income Country status, the World Bank Board of Directors today approved a second loan for Vietnam from the International Bank of Reconstruction and Development (IBRD).
more »
The World Bank today approved a EUR26 million loan to the Republic of Croatia aimed at further improving the efficiency of Croatia’s justice system − a necessary process in Croatia’s path towards successful European Union accession.
more »
The ACP-EU Joint Parliamentary Assembly asked the European Commission to help EU and ACP banana producers adapt to the new EU-Latin America trade agreement, which is expected to put an end to fifteen years of “banana wars” between the two continents, but has raised concerns for the livelihood of some regions' producers.
more »
As seventeen of Africa’s 53 nations celebrate 50 years of independence in 2010, Africa’s “golden moment has come” and investors around the globe must look to the continent often painted only as risk-prone if they are to capitalize on business opportunities.
more »
During the ordinary general shareholders’ meeting of AB Bank SNORAS, which took place on 31st March 2010, the bank’s profit distribution was approved.
more »
The EU is the world's largest economy, with enough international clout to return to "real capitalism" rather than resign itself to an alien "financial capitalism", concluded MEPs and experts at a public hearing held on Thursday by Parliament's special committee on the crisis.
more »
Food quality and labelling are likely to be key issues when the Common Agriculture Policy is overhauled in the coming years.
more »
The European Investment Bank (EIB) is lending EUR 250 million to Russian company Enel OGK-5 to finance the upgrading of a gas fired power plant located in Nevinnomyssk, South Russia.
more »