TD Waterhouse Waits to Offer Online Trading in India
It takes more than a good idea and sheer will power to get an Internet business going overseas -- even in a hot technology center like India.
At least that's what online broker TD Waterhouse (TWE Quote) has found, as its joint venture with India's Tata Group is still waiting for that country's regulators to approve any online equity trading.
TD Waterhouse made the move as part of a push by most online brokerages to expand into major financial centers overseas. So it's not the only one waiting to see if Net trading can become as broad based overseas as it is here. In addition to raging competition in the U.S., TD Waterhouse is up against Charles Schwab (SCH Quote), E*Trade (EGRP Quote) and DLJdirect (DIR Quote), among others, in cities like Tokyo, London and Hong Kong. ...
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