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Philip Bungey, Head of Research and Development at Barclays Stockbrokers, said
Barclays would let customers trade in about 2,000 companies
on the London Stock
Exchange and the Alternative Investment Market, a small-companies market. In the future,
he said, Barclays wants to enable its customers to trade electronically on American
exchanges, like NASDAQ.
Increasingly, American on-line brokers will be squeezed by the very revolution they
have helped start. Mr. Eckett predicts a ‘major collapse’ of commission fees. He noted that
in the United States, commissions for Internet trades have dipped as low as $5 a
transaction since Web trading surfaced about four years ago. 'The same will happen in
Europe,' he said, 'as consumers surf the Internet in search of cheaper financial services.'
New York Times:
- NASDAQ: A US electronic stock exchange
- hooked: addicted;
- to squeeze: to make it difficult for somebody to do business;
- to faster: to help something develop;
- novel: new, unusual and interesting;
- to accelerate: to make something happening.
3.2.3 Ответьте на вопросы:
1) Why are more people taking an interest in the stock exchange?
2) What will make European markets change more quickly?
3) Why do American on-line traders operating in Europe restrict their dealings
European exchanges?
4) How are the European traders reacting to American competition?
5) What will the long-term effect on American brokers be?
3.2.4 Найдите соответствия:
1) to log on a) profitable
2) a boom b) a dramatic reduction
3) to surf c) an authority that supervises an industry
4) a move d) to reach a total of
5) to catch up e) to connect
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6) lucrative f) money that a customer pays for a service, usually
a percentage of the total
7) to amount to g) a tactical change of position
8) a commission h) to move between different websites on the Internet
9) a regulator i) a rapid expansion or development
10) a collapse j) to reach the person in front
3.2.5 Расположите предложения в
той последовательности, в
которой они
даны в тексте:
1) The long-range goal, however, is to expand the system into a truly global
marketplace where investors in any country will be able to trade freely in stocks across
national boundaries.
2) There is a stock market boom at the moment, and as Web surfing gains popularity
across Europe, more and more people are logging on
to shop for financial products, and
buying and selling stocks.
3) Increasingly, American on-line brokers will be squeezed by the very revolution
they have helped start.
4) The American as on-line firms, despite their aggressive plans, will not have it
easy.
5) The American on-line
brokers operating in Europe, like Schwab, are offering
their customers the chance to trade only on individual European exchanges.
3.2.6 Подготовьте аннотацию текста, используя выражения:
«The subject of the text is…»;
«The text deals with …»;
«The main idea of the text is …. ».
3.2.7 Подготовьте презентацию об инвестиционных компаниях.
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