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Re: [sharechat] Overseas on line brokers

From:	"Oliver Shapleski" <oliver.shapleski@vuw.ac.nz>
Date:	Thu, 16 Mar 2000 16:32:39 +1300

Mike et al, definitely go with ASB Securities, at least for the Oz market. They provide all the "transactional services" you need, and you don't need a bank account in Australia. They are also definitely going ahead with internet trading on the NYSE, NASDAQ, Cac, FTSE, Nikkei and whatever the German one is called (I forget at the moment), even the Hang Seng and Malaysia. This should all be available sometime this year (I think they're looking at June for US, Sept-Nov for all others???)

What they don't provide at present (and may not in the future) is much in the way of historical information, but perhaps anyone ready to go into overseas should use the lead-time to June as quality research time (something you should do for at least a few months before putting in your two bob's worth).

Brokerage for NZ and ASX is very cheap, and their rates for US trading are rumoured to be far and away lower than any brokers charge at the moment.

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