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Europe Daily Bulletin No. 7771

3 August 2000
Contents Publication in full By article 14 / 33
GENERAL NEWS / (eu) eu/competition
Commission approves creation of Volbroker.com, an electronic brokerage joint-venture

Brussels, 02/08/2000 (Agence Europe) - The European Commission has approved the creation of a joint-venture between the subsidiaries of six major banks (Deutsche Bank UK Holdings Limited, UBS AG, Goldman Sachs Vol-Holdings LLC, Citibank Investments Limited, JP Morgan and Natwest). Called Volbroker.com, the new company will provide the first brokerage service to bring automated trading among banks in foreign currency options. The Community competition authorities approved the project on...

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