Seeking to keep pace with rivals in a rapidly consolidating industry, E*Trade Financial will buy Harrisdirect for US$700 million in cash. E*Trade said the purchase of Harrisdirect, an online-only brokerage owned by the BMO Financial Group -- parent company of the Bank of Montreal -- would be "highly...
Consolidations and stock market chaos are causing upheaval among online trading companies, and the ripple effects could continue for some time. For example, analysts said more mergers and exits from the sector could be in the offing. "I would not be surprised if you saw some of the minnows merge ...
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