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
According to the data presented by the Ministry of Finance, in end-January central government debt made up LTL26, 310.8 million or 28% of projected GDP for 2010 (LTL 93, 819 million).
more »
As far as countries affected by the economic crisis, China fared extremely well.
more »
The European Commission has authorised today a Slovak scheme with a budget of approximately €3.32 million which aims at supporting farmers in Slovakia who encounter difficulties as a result of the current economic crisis.
more »
Commission sets out a 10-year strategy for reviving the European economy, casting a vision of ‘smart, sustainable, inclusive' growth rooted in greater coordination of national and European policy.
more »
The European Commission has launched today the Europe 2020 Strategy to go out of the crisis and prepare EU economy for the next decade. The Commission identifies three key drivers for growth, to be implemented through concrete actions at EU and national levels.
more »
Launching of the “SCHOOLS’ initiative for innovation and changes” Grant scheme.
more »
EU Member States must not only deliver on their international aid pledges, but also bring in a financial transactions tax and a temporary debt moratorium, to help developing countries to cope with the effects of the global financial and economic crisis, said the Development Committee on Monday.
more »
The EBRD is increasing its commitments to promote sustainable energy projects in Slovakia with a new €90 million funding under the existing Slovakia Sustainable Energy Finance Facility (SLOVSEFF) to ensure continuous implementation of energy efficiency and small renewable energy projects.
more »
According to the unaudited data, in 2009 AB Bank SNORAS earned LTL 8.7 million profit. The bank’s assets grew by 11 per cent up to LTL 6.342 billion during 2009 and were by LTL 647.8 million larger than at the beginning of 2009.
more »
Aviation security measures that go beyond common EU requirements should be paid for by Member States, not by passengers, said Transport Committee MEPs in a vote on Monday that could put Parliament on a collision course with the Council of Ministers.
more »