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E*Trade announces partnership


E*Trade UK has announced a partnership with software specialists Consort Securities Systems in the run up to the launch of its on-line investment service.


Consort will provide the front and back office systems to support the service, including its securities dealing service (SDS) and will be responsible for developing the infrastructure, which allows clients to directly contact the market.


E*Trade UK, which is currently awaiting FSA approval, says its service will provide investors with an instantaneous share dealing process, which will allow automatic settlement of cash against the stock purchased.

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