US discount broker joins online share trading rush

Global discount broker TD Waterhouse has launched its online brokerage with commission-free trades until 8 January 2000. After that period, commissions for online trading of shares will start at £12.95 per transaction. The group, the world's second largest discount broker, will offer the ability to trade in all UK equities listed on the FTSE 100, 250, 350, small cap and All-Share indices. Each order is automatically sent to four retail service providers to poll the market for the best possible price at the time an order is placed online. Users have a window of 15 seconds in which to accep...