Incorporated in 2004 in Pennsylvania by an attorney outside Pittsburgh, this Internet broker is impossible to locate.
This was usually justified on the grounds of investor protection (widows and orphans would be ripped off by an Internet broker), or liquidity (best concentrated in one big pool).
Among those who thought all this sounds like a Internet-broker's dream was Mark Duff, a former manager with Dow Jones.
They either used a car-broking service or did their window shopping and price comparisons on the Internet and used a broker to line up a local deal.
Ken Goldstein looks at the vast marketplace that is the internet, and how we can broker out wares with ever-increasing efficiency.
Advances in technology and the growing reach of the Internet, including the appearance of online broker E-Trade, begged for the creation of new financial products.
TRADE, the number-three online broker, acquired Telebanc, an Internet bank, to expand the services it can offer.
Augustine's Hospital busted a global ring: Slum-dwellers from Brazil and Moldova were selling their organs to an Israeli-led broker network, which then used the Internet to pull together over 100 willing kidney transplant patients from Israel, Europe and the U.S. Donors and recipients, posing as relatives, were flown to South Africa and operated on by elite doctors in Durban.
Sharkansky had sold his Internet software company in 1995 and signed up with an online broker, but wanted to be more diversified.
One data broker told Congress his company relied on public databases or Internet searches to get personal information.
Just as people got used to booking their own flights, rather than using a travel agent, he thinks more and more consumers will use the Internet to buy and sell homes, rather than a real estate broker -- especially if it saves them commission money.
It seemed that E-Trade, the online broker that celebrated greed and popularized day trading, might become another high-profile casualty of the Internet froth and fizzle.
The firms range in size from a few people, such as IdeaMarket, a firm in Austin, Texas, that plans to serve as an on-line broker of intellectual property, to more than a hundred in the case of CitySearch, which creates Internet guides to cities and regions.
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