Comparing the online services
Online share trading may be slow in coming to New Zealand, however there is little doubt, judging from the overseas experience, that when it comes it will enjoy explosive growth.
A recent study by Forrester Research says that most US broking houses' big customers are on the Internet, and it expects that most active traders will be comfortable online within five years.
It also expects the number of online brokerage accounts in the US will grow from less than 4 million at the start of the year to 5.4 million by Christmas. Forrester says that the US will have 20.4 million online accounts by 2003 and by then US$3 trillion in household assets will be online.
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