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All Press Releases for December 13, 2002 Subscribe to this News Feed    
 

Emerging-Trade to Acquire Equity Stake in Portuguese Brokerage Firm DIF Broker SA.

Emerging-Trade SA , a provider of on-line financial news and information services to the investment community and an industry leader in providing Internet services and innovative solutions for online technology and data retrieval tools that has entered into an agreement to acquire, an equity stake in the brokerage firm, DIF Broker SA an Oporto broker company specialized in US stocks. The closing of this transaction is subject to completion of due diligence, documentation and Bank of Portugal approval.

Emerging-Trade Sa will acquire 55% of the equity of DIF Broker.

DIF Broker, based in Oporto Portugal, is a Portuguese-licensed broker that specializes in US stocks and provides services to institutional and individual investors. Emerging-Trade will bring to the deal the CanalBroker platform.

Unlike browser-based online brokers who may be selectively routing order flow to pre-arranged market makers and dealers in return for payment, CanalBroker enables investors, from their own PC's, to enter and execute trades directly with, market makers and Electronic Communication Networks ("ECN") through i-routing intelligent software created by myTrack.

The result to the investor is that Canalbroker typically enables the investors orders to be immediately reflected in the marketplace or executed in real-time. Emerging-Trade has recently introduced a comprehensive training program through its Emerging-Trade School of Investment ETSI educating investors on CanalBroker trading.

Mr. Ramalho, CEO of DIF Broker said, "We believe that CanalBroker will be the next major innovation in online brokerage in Portugal.

Paulo Pinto CEO of Emerging-Trade said: We expect to make this seamless trading platform, featuring CanalBroker, available on all of the Portuguese financial websites. "Our investment in DIF Broker is a significant advance toward our goal of providing investors with unparalleled access to the most dynamic market data, analytical tools and execution capabilities on the Internet.

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Paulo Pinto
Emerging-trade
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