Word: comdirect
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...learned which costs to cut, and now an uptick in [trading] volume means a surge in profits." Talk about an uptick - Rigby says his company has done 70% more trades this year than last. On the Continent, volumes are up less dramatically, but profits are still impressive. Commerzbank subsidiary Comdirect, for example, generated more than six times as much profit in the first half of 2003 than in the first half of 2002 on a volume increase of just 9.2%. Brokerage consultant Patrick Young says it's about time: "It shouldn't have taken so long to figure...
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