Investor to Investor Online Stock-Trading Platform Makes Sense: In China Individual Investors Are Two-thirds of the Market
VisiTrade’s investor-to-investor, online stock-trading platform operating 24/7 with one flat fee is eying Asia and Asia is looking very hot!
An electronic platform that matches buyers directly with sellers will bypass the market-making intermediary. VisiTrade will compete with larger discount-trading platforms by offering investor-to-investor trading platform.
Trading Floors such as the one in Tokyo below will no longer be necessary!
VisiTrade is taking the next step in bringing the first after-hours trading platform to the Asian investment community. The platform will attach to an online trading platform. By registering with VisiTrade they will keep you up to date on the progress. Clients that register will receive emails, informing them of the process in obtaining a broker, and when the demo trading board will be available.
Trading Hall in Chinese Province
In China trading is done in a “trading hall” which are technically brokerages. These halls represent mainland’s love affair with stocks.
China today has some 81 million trading accounts, up from 61 million six years ago. Almost half a million Chinese opened brokerage accounts the day after the government tripled the tax on equity transactions to cool speculation in the world’s fastest-growing stock market. “New investors don’t seem to care about the increase in the stamp duty, as they think that’s a minor increase,” said Yan Ji, an investment manager at HSBC Jintrust Fund Management in Shanghai, which manages $517 million. “If the market continues the fast pace of the rally like before, that may trigger even tougher crackdown measures.”
New accounts totaled 426,162 on May 30, 2007, the third consecutive day the number exceeded 400,000 and more than this quarter’s daily average of 300,000, according to figures from China Securities Depository & Clearing. The number of brokerage accounts reached 101.1 million as of May 30, the figures showed.
Investors are piling into the Chinese market after the CSI 300 index jumped 90 percent in dollar terms this year, the best performance among global equity benchmarks. Although less than 5% of the population owns equities, compared with more than 50% in the US, the trading halls are full, online chat rooms and financial Web sites are hopping, and just about everyone has a hot tip and so does VISITRADE!
Source: Visitrade
Contact:
Trevor Burns investor@tigercapital.com
Tiger Capital Corporation
416.252.3663 or toll-free 877.844.3704
Stock Guru Profile of Visitrade
Disclosure: Pentony Enterprises LLC expects to be compensated 80,000 free trading shares from a non-controlling third party for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. It is the policy of Pentony Enterprises LLC to sell all shares of this and any company featured. Anyone considering any company we feature in consideration for free trading shares should consider this.
Forward Looking Statement: Certain sections of this report may contains forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. Words such as “expects,” “anticipates,” “plans,” “believes,” “scheduled,” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of revenues, earnings, segment performance, cash flows, contract awards, aircraft production, deliveries and backlog stability. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors, including, without limitation:
General and international political and economic conditions; All forward-looking statements speak only as of the date of this report or, in the case of any document incorporated by reference, the date of that document. All subsequent written and oral forward-looking statements attributable to the company or any person acting on the company’s behalf are qualified by the cautionary statements in this section. The company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this report.
StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (469) 252-3030. Web: StockGuru.com. Email: Publisher@stockguru.com.
