Irish Stockbroker Goodbody Launches Online Share Dealing Service

Mandy Robinson, Tax-news.com, London

30 March 2001

Goodbody Stockbrokers has launched its eagerly awaited new online share dealing service this week. The new service, which has undergone thorough tests over the last few months, offers share trading, portfolio valuations and transaction history online as well as a market monitor with a Reuters news information service and Goodbody's own knowledge centre.

The new service provides secure dealing in Irish, UK and US stocks and will charge a reduced fee of £25 for its 10,000 customers - compared to the off-line fee of £40. A reduced commission rate is also on offer to brokers at 1.25 per cent on amounts below £10,000 and 0.75 per cent on those over £10,000.

Goodbody states on its web site: 'We are committed to supporting investors' expanding needs and are delighted to offer convenient, accurate and dependable brokerage services through our enhanced site. Whether it's online accounts, trading facilities, or access to the latest market research and commentary, Goodbody Online is there to meet your needs.'

'There is a growing interest in share ownership in Ireland and we intend to facilitate clients in developing their share portfolios, by providing a reliable and secure transaction service supported by the resources of the leading stockbroking company in Ireland,' said Eamonn Glancy, chief operating officer.

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