| In a move to bolster its global trading strategy, E*TRADE Group Inc. Friday bought E*TRADE
@ NetBourse S.A., the company's licensee for Belgium, the Netherlands,
Luxembourg, Austria, Italy and France.
Financial terms were not disclosed.
E*TRADE International says that the buy is part of a larger plan to develop
regional centers which serve the company's overall goals of strong
management control, cost effectiveness and established economies of scale.
"The E*TRADE @ NetBourse acquisition further strengthens our European
strategy by allowing us to leverage greater efficiencies in operations,
management and technology, while advancing our overall growth plans," said
Judy Balint, E*TRADE International's president and COO.
Balint added that the regional centers will play into the capitalization of
E*TRADE's (EGRP)
cross-border online trading network, which is expected to be operational
by the end of next year.
Investors Business Daily: Breaking News::
Mr. Carter, formerly Chief Compliance Officer for E*TRADE Securities, Inc. a member of the California Senate Advisory Committee on Cost Control in State
http://www.investors.com/breakingnews.asp?journalid=23487627HOME |
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