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E*TRADE gets SEATS certification
- — 26 November, 1998 21:49
Online stockbroker E*TRADE Australia (www.etrade.com.au) has been given official certification to offer automated order processing through the Australian Stock Exchange's completely computerised SEATS interface.
Using the SEATS open interface, transactions through E*TRADE will be almost instantaneous, the company says, with clients receiving immediate confirmation of orders upon approval.
The system means there is no human intervention in transactions, with everything automated to remove previously manual processes, an E*TRADE spokesperson said.
E*TRADE is the first Australian stockbroker to receive this certification.