Will E*Trade kick off a race to offer more foreign trading?

Aaron Pressman

E*Trade announced today that they'd soon let their online customers trade shares directly in six foreign markets at reasonable commission rates (though higher than the rock-bottom rates for trading U.S. listed shares). The six markets are Canada, France, Germany, Hong Kong, Japan and the United Kingdom. You often get conflicting information when you ask the online brokers about whether they allow trading directly on overseas exchanges but when they do allow it, they typically charge high commissions -- triple-digit high in some cases.

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