[May 12] Global Capital Partners
Inc.
announced Friday that its online trading division
Sutton Online LLC
has formed a European subsidiary to be based in Germany.
Sutton Online Europe will provide online trading services
to European clients, using Sutton’s professional-level online
trading platform and order-routing service. Users will be
able to trade in both U.S. and European securities.
Gregory C. Frank, president of Sutton Online, predicted
a bright future and said Global Capital Partners had already
established many customer relationships in Europe. He quoted
figures from Forrester Research indicating that the number of
online trading accounts held by investors in Europe will increase
from 1.3 million today, to some 14 million by 2004.
“In addition to expanding our domestic online product, we
expect Sutton Online Europe to capitalize on this ground-floor
opportunity to participate in the explosive growth potential
of online trading in European markets,” said Frank.
Majority owned by Global Capital Partners, Sutton Online
offers a wide range of Internet-based trading facilities,
including level II software and data. It also provides
training for both individual and corporate online investors.
Global Capital Partners has substantial interests in Europe,
holding a majority interest in Global Capital Partners Bank,
which is an Austrian bank and brokerage company, as well as
Unitrust Holding, a Swiss-based financial services company.
Also from Global Capital Partners comes the MoneyZone.com
portal, designed to match investors with entrepreneurs.
MoneyZone.com is traded separately over-the-counter under
the symbol MNZN.
