UBS
Discount Brokers
UBS Discount Brokers
The
trade in shares and share options is currently experiencing
an enormous boom. Extended trading hours, day trading, real-time
prices and electronic trading via the Internet are the decisive
competitive factors. In April 1999 ConSors became the first
discount broker to venture into the Neuer Markt. Other competitors
have followed or will follow in order to raise capital for
the needed investments in technology and further market building.
The UBS Internet-Brokerage company basket contains 6 companies
(initially equally weighted), which were selected according
to the following criteria: (1) ConSors, Entrium, Direkt Anlage
Bank and Comdirect Bank AG are leading Internet brokers, whose
shares are already listed on the Neuer Markt. (2) Brokat und
Heyde are leading suppliers of software for Internet banks,
and participate substantially in the success of Internet brokers.
For
further information on UBS Discount Brokers visit the UBS
website.
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