NEW YORK, Nov. 2 /CNW/__E*TRADE FINANCIAL Corporation (NYSE: [ET]) today announced the launch of a web portal designed to provide customers with access to quotes, research and content from international exchanges.
The Global Markets portal marks the first phase in E*TRADE FINANCIAL's plans to enable U.S. Retail customers to trade on 42 international exchanges while holding multiple currencies in a single E*TRADE account.
The portal will educate active traders and serious investors on the diversified investment opportunities available in foreign markets. It can be accessed by E*TRADE FINANCIAL customers at https://us.etrade.com/e/t/gmc/globaloverview.
"Retail investors are seeking diversification, which is one of the primary drivers for foreign markets trading," said R. Jarrett Lilien, President and Chief Operating Officer, E*TRADE FINANCIAL. "As U.S. investors become increasingly sophisticated, there is a tremendous opportunity to provide them with a platform to invest in foreign markets. With trading desks that provide access to 42 international markets, as well as nine international Retail businesses and affiliates, E*TRADE is uniquely positioned to provide Retail customers with access to foreign markets."
The Global Markets portal features educational tools explaining the advantages of diversifying internationally (https://us.etrade.com/e/t/estation/help?id=1301090000) while providing access to the following content:
International delayed quotes from the Tokyo, London, Hong Kong, Germany, Canada and Paris exchanges.
International news, including headlines and company news.
International charts, including mini-charts for indices.
Lists of existing trade-able products, including relevant data points:
-- Most Actives
-- 43 International ETFs
-- 700+ International Open End Funds
-- ADRs/Ordinaries
-- Major world indices
-- Foreign currency exchange rates table
Dependant upon a series of factors, including feedback from target customers, future site iterations could include ForEx trading and the ability to hold multiple currencies in one E*TRADE account.
About E*TRADE FINANCIAL
The E*TRADE FINANCIAL family of companies provides financial services including trading, investing, banking and lending for retail and institutional customers. Securities products and services are offered by E*TRADE Securities LLC (Member NASD/SIPC). Bank and lending products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries.
Important Notices
E*TRADE FINANCIAL and the E*TRADE FINANCIAL logo are registered trademarks or trademarks of E*TRADE FINANCIAL Corporation. The statements contained in this news release that are forward-looking are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to, changes in market activity, anticipated increases in the rate of new customer acquisition, the conversion of new visitors to the site to customers, the activity of customers and assets held at the institution, seasonality, the development and enhancement of products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. Further information about these risks and uncertainties can be found in the information included in the annual reports previously filed by E*TRADE Group, Inc. or E*TRADE FINANCIAL Corporation with the SEC on Form 10-K (including information under the caption "Risk Factors") and quarterly reports on Form 10-Q.
CONTACT:
media, Pam Erickson, +1-617-296-6080, or pam.erickson@etrade.com, or
investors, Adam Townsend, +1-703-236-8719, or adam.townsend@etrade.com,
both of E*TRADE FINANCIAL Corporation.
Web site: http://www.etrade.com/
Copyright (c) 2005 Canada Newswire Ltd. All Rights Reserved.
11/3/2005 3:15:50 AM [Canada Newswire English - via NewsEdge Corporation]
