Back in February when I first heard that E-Trade is going to introduce a global trading serviceto allow investors to trade stocks listed in other markets directly, Isigned up to receive notification when it becomes available. Yesterday,the email came, announcing that the new E-Trade Global Trading is up and running.
Of the six markets (Canada, Hong Kong, France,Germany, Japan, and UK) currently included in the Global Trading, I ammainly interested in Hong Kong Stock Exchange, which gets the mostlistings of companies from mainland China. The main reason, of course,is the tremendous growth of Chinese stocks. It’s very tempting. Also Iknow many of the companies choosing to list their shares on HKSE,instead of NYSE or NASDAQ. I know their businesses and their positionsin their industries in China. In fact I wish the service were availablesooner so I could buy stocks from companies such as Industrial andCommercial Bank of China (ICBC), which is now the world’s largest bankby market capital, surpassing Citi Bank last month thanks to thebooming Chinese stock market. Click here for more.