Free Site Registration

Big Discount Brokers Plan Joint U.K. Shop

Traders Magazine, February 2001

Tom De Martini

A joint market making venture in the U.K. may provide two U.S. discount brokers a new stream of revenue while the rocky U.S. markets remain mired in uncertainty.

Charles Schwab Corp. and TD Waterhouse are paying approximately $132 million (U.S.) to purchase Aitken Campbell & Co. from British mortgage bank Abbey National.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?