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March 25, 2005

Universal brokers need new growth areas

THE entry of foreign brokers into the Malaysian capital market is a development most Universal Brokers (UBs) have been expecting for some time and they feel that would act as an impetus for them to concentrate on businesses that go beyond the traditional stock trading business.

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Australian Stock Trading Activity

DJ Australian Stock Trading Activity Category Volume Value AUD Rises Falls Steady Industrial 496,038,885 1,997,914,608 504 535 271 Mining 709,584,850 774,834,013 278 237 157 Total 1,205,623,735 2,772,748,621 782 772 428 (MORE) Dow Jones Newswires March 21, 2005 01:53 ET (06:53 GMT)

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Wednesday’s Stock Trading Alert

ELocity’s stocks to watch for Wednesday are — FaceKey Corporation, I.D. Systems, Inc., Eltek Ltd., Paychex, Inc..
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Ballooning Bank Deposits At E*Trade

Watch the money, not the stock trading at E*Trade Financial (ET ). Shares of E*Trade, a provider of online brokerage and banking services, have languished around 12 this year, because investors have been disappointed at weak trading and stiff competition.

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Alan Scares Marts Lower

For the first time in the current interest-rate cycle, the Fed head changed the language in the statement announcing the latest boost in key short-term lending rates. There is fear in the market right now,’ said Mike O’Hare, head of listed stock trading at Lehman Brothers

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