InvestIN.com brings US stock day trading to UK
Plus Europe's first online-only bank opens early
Daily Net Finance Update 12 August 1999 Dallas-based stockbroker InvestIN.com is opening a day-trading office in London on Monday enabling investors to deal in US stocks online. But adrenaline junkies who want to ride the roller coaster of day trading have first to prove they know what they're doing before being let loose by the doormen at InvestIN. According to the FT, day trading is unlikely to garner the same following in the UK as it does in the US. Which means that the chances of a day trader gunning down as many people he can before turning the gun on himself when he loses his shirt are pretty slim.
First-e, Europe's first bank that only operates online, has started trading ahead of its official launch in September. The Guardian reports that the bank has been inundated with enquiries from Internauts keen to stash their cash online. First-e can be reached here.
Trading in the shares of ExecuNet plc has been suspended temporarily due to concerns about dealings in the company's securities. The Ofex-listed company runs a Web site offering discounted product and entertainment services for Pacific Rim countries.
Vocalis Group plc is to offer its SpeechMail service free-of-charge to Freeserve users enabling them to access their emails from a telephone. Vocalis and Freeserve will split the revenue generated by the calls to the SpeechMail service.
Virgin Net has a new MD. Alex Heath will slip into the new job on 1 September. The former CE of interactive investor international, Heath replaces David Clarke who joined IC24 in April. ®