A recent study sponsored by several Hong Kong financial institutions and conducted by the Massachusetts Institute of Technology concluded that, by 2010, as much as 30 per cent of local stock trading would be settled on-line.
Increased competition would hammer commission costs down to 20 per cent or less of current levels.
One company already leading the way in the Internet trading revolution is Green Line Investor Services (HK) Inc.
Green Line offers clients direct access to US, Canadian and Australian stocks at the push of a button. The company hopes to offer access to Hong Kong stocks in the near future, once it has acquired a seat on the Stock Exchange of Hong Kong.
Deputy managing director Oliver Ng will explain the benefits of Internet trading to those attending the seminar.
'The main point is that lower commissions translate to higher [trading] profits,' Mr Ng said.
