It’s an exchange, it’s a broker, no it’s a Jiway

The decision of OM Group and Morgan Stanley Dean Witter (MSDW) together to invest ?100 million in a screen-based, electronic, cross-border stock market called Jiway is yet another indication of the huge potential growth of online retail stock trading in Europe.

Private client stockbrokers in Europe have seen huge growth in volumes of retail orders through the internet in recent months. So far, much of this has been in domestic markets. Yet there is no logical reason why retail investors in the UK should not invest with equal enthusiasm in German shares, or even American shares.