The Ameritrade Holding Corporation and Deutsche Bank, Germany's largest financial institution, have formed a joint venture to let their customers trade online in European and US securities markets.
Ameritrade's customers in the US will now be able to buy and sell German stocks and selected European shares through Deutsche Bank. In return Deutsche Bank's online customers will be able to buy and sell stocks of all listed companies on Nasdaq and the New York Stock Exchange through Ameritrade.
Online trading is fast spreading from the US into Europe, Asia and the Pacific Rim as the Internet opens up new markets.
The Ameritrade Holding Corporation and Deutsche Bank service is slated to go live in the new year.
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