All bull and no bear? Internet trading proceeds...
Following the flurry of activity in the USA, Electronic Share Inform-ation Ltd has gone online with UK share trading services on the Internet. At the same time it is positioning itself as a means for smaller companies to raise capital.
ESI forecasts trading volume reaching £300 million in two years with 30,000 active users, each typically doing about £10,000 of business a year.
Share and company inform-ation from ESI can be found at http://www.esi.co.uk now but actual trading will be imple-mented in two stages. In a few weeks’ time, subscribers will be able to buy and sell shares quoted in London by placing orders with a broker via their personal computer. The second stage, due to commence in the first quarter of 1996, aims to execute deals directly and almost instantaneously.
To feed its home-grown market, ESI will also provide a real-time price ticker, financial news and research and analysis.