E*trade AU. - Record Trading for 01/00 Quarter - 500 Beiträge pro Seite

[ph6]

- Sydney
-------------------------
Record Trading Volume for March 2000 Quarter

E*TRADE AUSTRALIA ANNOUNCES RECORD TRADING VOLUME FOR MARCH 2000
QUARTER

E*TRADE Australia (ASX Code: ETR) today announced that the company
continued to experience exceptional growth during the quarter ended
31 March 2000.

HIGHLIGHTS (UNAUDITED)

* E*TRADE Australia now accounts for about 30% of all online trades
executed on the ASX;

* March quarter trading volume up 113% on December quarter;

* March quarter gross brokerage revenue up 106% on December quarter;

* Customer accounting today total 49,000 - up 44% since 31 December
1999;

* Customer assets up 35% since 31 December to $1.62 billion;

* March market share averages 3.8% (participation 7.6%) of all trades
executed on the ASX; and

* ANZ customers now account for more than 16% of all customers and
55% of new account openings.

E*TRADE Australia, which has been trading in Australia for just under
two years, now accounts for approximately 30% of online Trades on the
ASX, executing trades to a value of $2 billion for the quarter. Based
upon the "Beacon" Top 10 Brokers listing, E*TRADE Australia has moved
front being regularly amongst Australia`s Top 10 brokers by volume,
into the top 5. It continues to close on the market leader.

In a quarter when online trades on the ASX rose from an estimated 11%
to 12% of all trades, the number of E*TRADE Australia`s customer
accounts continued to grow strongly and today totals 49,000. This is
an increase of 44% since 31 December 1999. E*TRADE Australia`s
customers executed 113% more Trades on the ASX than in the December
quarter, with the company executing 3.8% of all trades on the ASX for
the month of March.

Gross brokerage revenue (unaudited) for the March quarter exceeded
that for the December quarter by 106%, exceeding $8.6 million as
compared with $7 million for the whole of the first half of the year.
The current value of registered customer assets (cash and securities)
is $1.62 billion, up 35% since 31 December 1999.

PRICING

Since its launch in April 1998, E*TRADE Australia has pursued a
strategy of offering a full suite of quality online products and
services at a reasonable price. The company is a specialist online
broker on a mission to expand its product range and become the
leading provider of online financial services. E*TRADE Australia`s
total focus and commitment to the online space makes the company
unique in the Australian marketplace.

"Value is a function of product and service quality as well as
price," said Group Chief Executive Officer, Kerry Roxburgh.
"Australian online investors demand quality. Quality products,
quality customer assistance and a quality trading platform. They
understand that E*TRADE Australia is a specialist in the online space
and that`s why 49,000 customers have come to E*TRADE Australia. The
result is, we have consistently grown our market share faster than
any of our competitors."

Commenting on the recent round of price discounting, Mr Roxburgh said
"We are certainly taking a close look at our overall competitive
position and will make an announcement in the near future. We have
been working very hard on a number of new products and product
enhancements. We appreciate that price is an important element of any
package and we will not be beaten on our overall value proposition."

ANZ E*TRADE

For the first six month milestone period ended 31 March 2000, ANZ
E*TRADE customers executed an average of 6.76% of all trades, which
means no new milestone shares in E*TRADE Australia will be issued at
this time. However, at the commencement of the new milestone period
ending 30 September, ANZ E*TRADE customers account for over 10% of
total trades.



strong buy..............

ph6

[ph6]

E*Trade Claims 30% of all Online Trades
April 6, 2000
In a statement to the ASX today, E*trade Australia Ltd (ETR) said trading volume in the March quarter of 2000 rose 113%. The company said it now accounts for about 30% of all online trades executed on the ASX.

"Value is a function of product and service quality as well as price," said Group Chief Executive Officer, Kerry Roxburgh. "Australian online investors demand quality. Quality products, quality customer assistance and a quality trading platform. They understand that E*TRADE Australia is a specialist in the online space and that`s why 49,000 customers have come to E*TRADE Australia. The result is, we have consistently grown our market share faster than any of our competitors."

Commenting on the recent round of price discounting, Mr Roxburgh said "We are certainly taking a close look at our overall competitive position and will make an announcement in the near future. We have been working very hard on a number of new products and product enhancements. We appreciate that price is an important element of any package and we will not be beaten on our overall value proposition."