September 30, 2005

Online Brokers Are Still Hungry

Faced with weak trading volume and excess capacity, e-brokers have been scurrying down the altar in recent years as a quick and easy way to prop up profits. The No. 3 player, Ameritrade Holding, has bought seven competitors in the past four years. Its eighth acquisition, TD Waterhouse, should close by early next year.
 

 

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