
Published: 12 August 1999 16:23 BST
An online share trading service for UK investors will go live on Monday.
The service is backed by US stockbroker InvestIN.com Securities Corp, and is aimed at the long-term investor as opposed to the 'day trader' - people who buy and sell shares on the same day.
The company hopes to target members of the public who may only make one or two deals a month.
Trades will cost $19.95 each way for a maximum of 1,000 shares, and will take advantage of the zero US stamp duty on online trades.
A spokesman for InvestIN.com said that the service could save the British investor up to £300 in brokerage charges.
He added: "The Internet is making the flow of information on which to base investment decisions much easier, and this in turn is encouraging investment."
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