Brief: Fidelity deal with Charles Stanley signals online comeback
20 November 2000 | 2536 views | 0
Fidelity Investments is to return to the UK Internet investment market courtesy of a screen-trading deal with brokerage house Charles Stanley.
Under the agreement, Charles Stanley is to provide an Internet share-dealing service to UK customers of Fidelity, through Charles Stanley's Xest Internet share-trading division. The service is expected to commence imminently.
An earlier failure by Fidelity to adapt its proprietary trading platform for the European market forced the company to retreat from plans to set up an online share dealing division in the UK.