| BUSINESSWEEK ONLINE : MARCH 15, 1999 ISSUE | ||||||||
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| INTERNATIONAL -- FINANCE
The Rush to Cyber-Trade in Europe BIG BANKS Key European banks, such as ING, Deutsche Bank, Paribas, and UniCredito Italiano, which have traditionally dominated share trading on the Continent, are moving quickly onto the Internet. LOCAL UPSTARTS A handful of startup brokerage houses such as Directa in Italy and Vega Finance in France are offering low commissions to grab a slice of the market. U.S. CONTENDERS E*Trade has set up a French joint venture, CPR-E*Trade, which boasts 10,000 clients. Charles Schwab is big in Britain through its local discount brokerage unit, ShareLink. Yahoo! is teaming up with Deutsche Bank. DATA: BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
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