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Online share trading accounts for busiest ever quarter

By Joey Gardiner

Published: Monday 15 May 2000

The last financial quarter saw more shares traded than ever before, due to the widespread take up of online brokering.

A report by the Association of Private Client Investment Managers (APCIMS) said that more than 6.3 million trades were made between January and March - an increase of 50 per cent on the previous quarter, and by far the busiest quarter ever.

APCIMS attributed the increase to the growth in online trading, with Internet deals growing by 150 per cent, from 371,000 trades to 930,000.

The Internet now accounts for more than a quarter of all deals.