| BUSINESSWEEK ONLINE : JUNE 14, 1999 ISSUE | ||||||||
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| INTERNATIONAL -- ASIAN BUSINESS
Asia Wakes Up to Online Trading SOUTH KOREA Fiercely competitive brokers are offering 60% discounts on fees. Volume of online trades in April was $9.2 billion, more than all of 1993. TAIWAN Permitted only since last year and limited to local stocks. Steep discounts offered on online trading, which has daily volume of $40 million. HONG KONG Upstarts are offering online service. System will allow direct connections from the Internet to the exchange starting next year. SINGAPORE Mandatory minimum commissions prevent online brokers from offering discounts. Minimums will be fully phased out in 2003. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
RELATED ITEMS In Asia, It's Ready, Set...Trade! (int'l edition) TABLE: Asia Wakes Up to Online Trading INTERACT E-Mail to Business Week Online | |||||||