Etrade

Did anyone else hear about the change of ownership in ETRADE's direct access agency business (ETRADE Professional)? I heard it was being sold to management and being renamed.

I heard their product Lightspeed is awesome and the change will be great for traders.

 

I doubt it - etrade is a publicly traded company and all the changes have to be announced.

 

http://sev.prnewswire.com/banking-financial-services/20060221/DATU07621022006-1.html

 

So the management team is buying ETRADE Professional from ETRADE. Sounds pretty interesting. Does anyone know who the management team is?

How is their technology? I ahve heard its pretty darn good.