SHANGHAI, May 29 (Reuters) - An explosion of new stock investment accounts, fed by investors hoping to ride China’s record bull run, has pushed total accounts over the 100 million mark, in what may be the fastest shift of investors into equities in market history.
E-Trade to Unveil Global Trading Platform
NEW YORK -- E-Trade Financial Corp. on Tuesday unveiled a global trading platform that makes it the first U.S. discount brokerage to give customers the ability to trade foreign-listed stocks online. Read more hereCredit Suisse starts stock trading services
GLOBAL investment bank Credit Suisse First Boston (CSFB) starts stock trading services today, followed by global financial services firm Union Bank of Switzerland (UBS) tomorrow, after both received foreign stockbroking licences to operate in Malaysia.
Merrill Lynch 2Q profit rises 42 percent
Quarterly profits at Wall Street brokerage Merrill Lynch & Co. climbed 42 percent as the company managed a strong performance in its proprietary stock trading despite a second-quarter downturn in the markets, the company said Tuesday.
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