Credit Suisse launches Web-based trading, plans to include U.S. markets.
Published:
9 April 1999 y., Friday
Credit Suisse Group announced plans Friday to launch an online share dealing service, becoming the first Swiss bank to offer direct securities trading via the Internet and by telephone. The system is due to go live on April 12. The bank said its service, called "youtrade," would initially allow trading in all securities listed in Swiss francs on the Swiss bourse, but would be expanded to cover other stock exchanges. Access to other fully electronic exchanges in the U.S. is also planned for 1999, the bank said. Credit Suisse estimated that by 2005, a quarter of private securities transactions on the Zurich exchange would be executed directly online. Youtrade will also be expanded to include additional products traded on the Swiss market such as dollar-denominated securities and eurobonds by the end of this year. Residents of the U.S., Japan and U.K. are barred from using the service.
Šaltinis:
Reuters
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed.
more »
On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy.
more »
2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday.
more »
Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment.
more »
The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday.
more »
The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas.
more »
Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January.
more »
Commission proposes a bank tax to cover the costs of winding down banks that go bust.
more »
The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery.
more »
European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals.
more »