Financial Services Industry
Industry: Email Alert RSS FeedMickey could click for online investors.
Investment News, December, 2000 by Southall, Brooke
Expert sees giants like Disney entering field A mouse could be in the future of many online investors -- Mickey Mouse. A former Harvard lecturer predicts that online trading will become so routine that firms such as the Walt Disney Co. in Burbank, Calif., and Wal-Mart Stores Inc., in Bentonville, Ark, could become major players in the industry.
And it will cost almost nothing to buy and sell stocks, says the lecturer, Philip Lawrence, who edited a new study on the subject. As for some of the current flock of online trading firms, color their future black, as in "black hole." "Suddenly, electronic trading -- which costs a financial services firm between $8 and $25 per trade -- is moving beyond the commodity level and becoming a loss...
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