Big changes afoot in a tough market: mounting commercial pressure in the global custody arena has forced players to look long and hard at their positions and long-term prospects. Some have decided to call it a day

Article Abstract:

Although some large operators were determined to remain in the worldwide securities administration business as abandoning custody could lead to client relationships in foregin exchange, cash management and performance measures also falling by the wayside. Buyers must carefully consider the terms of the deal when purchasing a custody operation from an established banking group, to protect the integrity and quality of the customer list. NatWest of the UK has decided that the huge investment in technology required to remain in the sector is not justified.

Management, Securities

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Starting out

Article Abstract:

New investors in options should bear in mind that options have limited lives and are more volatile than stocks, though they are not inherently more risky. Not all brokers dealing with the London Stock Exchange also offer option dealing services to clients since they may find the monitoring and administration to be too burdensome. Option prices fall as the expiry date nears, and investors may find that, after the time value has eroded and other costs such as dealing charges are taken into account, they do not make money from options.

United Kingdom, Economic aspects, Securities dealers, Options (Finance)

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The eagle has landed

Article Abstract:

United Kingdom stockbrokers are increasingly using new technology, though web-based broking is not as developed as it is in the US, where it has given rise to systems problems and concerns about regulation. E Trade plans to launch a service in the UK which is likely to attract more clients to on-line broking. Commissions vary for the nine brokers offering web based dealing in the UK, as do service levels. Commission rates are likely to fall as more brokers enter this market.

On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Online services, Internet services, Cover Story

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