E*Trade Interview
Spread Betting Trading Centre: Could you give us a little history about the company?
E*TRADE: E*TRADE (NASDAQ: ETFC) officially launched on the web in 1996 (but offered internet trading as early as 1992), and went public the same year. E*TRADE has been in continuous operation in the UK since 1999, providing active traders with an advanced platform—alongside competitive commissions—to trade derivatives, currencies, and US and UK shares.
Today, E*TRADE has nearly 4.6 million customer accounts worldwide. Outside of the US, the Company operates branded websites in 17 countries.
Spread Betting Trading Centre: Does your company offer any services in addition to spread betting?
E*TRADE: Yes, we offer CFDs, FX, Futures, US and UK share dealing.
Spread Betting Trading Centre: Do you personally spread bet? If so, how long have you been doing it?
E*TRADE: Yes, but not as much as I’d like as I wish I had more time to trade.
Spread Betting Trading Centre: What attributes do you think make for a good spread better?
E*TRADE: Ideally, someone who:
Knows the level of risk they are comfortable with and knows how to manages risk;
Is realistic about what can be achieved with spread betting;
Is unemotional—as spread betting comes with dramatic swings;
Can act fast on an opportunity.
Page 1 How E*trade started | Page 2 Why Spread Bet
