Johannesburg, 01 Jun 2000
Sharenet, one of SA`s leading Internet-based share trading companies, is to introduce a host of new services which allow investors to buy unit trusts, conduct online banking and invest in global and local funds.
"ShareNet is already able to integrate multiple financial transactions into our investment Hub, which allows customers to buy shares through more than one broker," says ShareNet marketing director Graham Anderson.
"Introducing these new services will allow our customers to perform almost all of their financial requirements through one site - from building their share portfolios to paying their monthly bills," he explains.
ShareNet recently joined forces with World Online and can be accessed through the World Online portal at www.worldonline.co.za. The millions of surfers moving through this portal can now take full advantage of the services provided by ShareNet, which boasts one of the lowest cost structures on transactions in its market.
In addition, unlike other online trading concerns, ShareNet does not levy any minimum monthly charges. "World Online partners with top content and service providers. ShareNet`s combination of excellent trading infrastructure and its live prices platform definitely puts it in this bracket," says World Online MD Graeme Victor.
"It`s inclusion in the World Online portal`s money channel adds considerably to users` ability to obtain up-to-date, relevant financial information, products and services," he adds.
ShareNet feeds online share orders directly into the JSE`s JET terminal for processing and matching, ensuring customers` portfolios are updated immediately. A major emphasis is placed on security and each transaction is conducted through a secure encrypted mode. Users are issued both a unique ShareNet server password and a confidential broking password.
"Security is obviously a major issue for us, as is the need to keep our networks up and running around the clock. For this reason we have invested heavily in building a robust, reliable information technology infrastructure and in hiring and retaining skilled and dedicated staff," says Anderson.
"We believe our commitment towards safeguarding all those using our services has contributed greatly towards the growth in transaction volumes."
ShareNet`s transaction volumes have increased by roughly 20% a month since the development of its site just over a year ago and in January over R110 million worth of shares was traded.
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