E*Trade Financial, one of the nation's largest discount brokers, is launching a new global trading platform. E*TRADE WILL OFFER DIRECT ONLINE TRADING IN SIX MAJOR INTERNATIONAL MARKETS: Canada, France, Germany, Hong Kong, Japan and the UK. This will allow trading in local markets in the local currency; the new platform will offer access to countless companies that don't have US-listed American Depositary Receipts or are tough to buy from the over-the-counter exchanges. Customers will be able to hold money in any of the five currencies these exchanges use, and E*Trade is launching a special global help desk to handle customer inquiries about it. There are even plans to expand coverage into new markets in the future. We have several international stocks in our Portfolios; some of our best performers have come from outside the US. This move will make it easier to buy into our foreign recommendations. Look for the launch of the new platform in the next few months.
**** The above is from Personal Finance Newsletter. It is coming...the ability for the small investor to buy/sell non adr foreign stocks. Foreign stocks offer more growth oftentimes than do American stocks. Looks like Etrade will be leading the pack. Does anyone know if QP has any plans to eventually include data on non-adr foreign stocks from the exchanges mentioned above..so one can have data with which to make intelligent decisions? The number of tradable American stocks is known to be declining. Not long ago, I counted over 10000 issues in QP. These days its 8000 or so...maybe less. Foreign stocks often offer more growth..and higher dividends...than most American stocks...
