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78,145 News Articles

Web traders regain their nerve

Online investing back in vogue

After so many amateur investors got their fingers badly burnt with the technology crash of the 90s, many have stayed away from dabbling in online share trading.

But the latest figures from ComPeer show that internet investing is back in fashion, with online trade volumes in the UK rocketing by 42 percent in the second quarter of 2003 according to analyst GartnerG2.

The number of online trades rose from around half a million to over 700,000 in this period, with the number of clients climbing to 395,000. But these up-and-coming Gordon Gekkos aren't making the same mistakes as their predecessors, steering well clear of smaller, online-only trading houses and opting instead to put their money into tried-and-tested, bricks-and-mortar brands.

According to GartnerG2, Barclays' trade volumes are up 50 percent, while TD Waterhouse has reported a 70 percent rise. This is because "[Investors] have realised that investing is a far more complex business than they first thought. This time they want professional advice from trusted sources," says GartnerG2's Ralph Silva.

While Silva believes the market will continue to recover, he thinks it will be some time before those scared off when the tech bubble burst return to online trading.

Related links:
Barclays Stockbrokers
ComPeer
GartnerG2
TD Waterhouse


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