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V 1999-09-01 (provided courtesy of Canadian Corporate News.)
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E-TRADE Canada announces online new issue and exclusive research distribution deal with Yorkton Securities in conjunction with launch of E-TRADE Canada's IPO Centre.
TORONTO,ONTARIO--E-TRADE Canada(r), the leading online investing
service for independent Canadian investors, today announced it has
reached an agreement to distribute new issues led by Yorkton
Securities Inc. as part of its launch of the E-TRADE Canada IPO
Centre. As part of this exclusive agreement, E-TRADE Canada will
also offer Yorkton research to its online clients on a
subscription basis.
"Through this agreement, our clients will have access to some of
the best technology IPOs offered in this country. In the past,
these issues have been available predominantly to large
institutions and brokers' best clients," said Colleen Moorehead,
President of E-TRADE Canada. "Combined with Yorkton's significant
underwriting expertise in this exciting sector, E-TRADE Canada can
now offer a unique communication tool to the online communities of
these technology companies."
"In the US, online retail investors have become an important
investor community for our issuing companies," said Roger Dent,
Vice Chairman and Director of Research of Yorkton Securities. "We
want to ensure that Canadian issuers are able to obtain the best
possible distribution for their IPOs. Our partnership with E-TRADE
Canada is an important experiment in the enhancement of IPO
distribution in Canada. By pairing our research with IPO access,
we can ensure that online investors have all the information they
require to stay informed on our issuing companies on an ongoing
basis."
Beginning in October, E-TRADE Canada customers may register to
receive Yorkton research free for 30 days, after which they may
subscribe for both knowledge-based or resource-based research for
a monthly fee. Access to this highly-ranked research on an
unbundled basis further levels the playing field for the
independent online investor.
To become a customer, preview the IPO Centre or research products
in addition to all the tools found on the E-TRADE Canada site,
visit www.canada.etrade.com.