Merrill Lynch, the largest US brokerage, plans to become the first full-service broker offering Internet share trading to all its customers.
Merrill Lynch said it plans to offer on-line trading in conjunction with its existing accounts and reckons it can make the plan a reality by next June.
At the same time, a report by Forrester Research, a technology research company based in the US, said that the current figure of 1.5 million on-line brokerage accounts would leap to 10 million by the year 2000 and that fees for on-line trading would fall drastically as competition increased.
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