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.



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RELATED ITEMS
In Asia, It's Ready, Set...Trade! (int'l edition)

TABLE: Asia Wakes Up to Online Trading



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