CSFBdirect Takes Top Honors in United Kingdom; "Best Overseas Sharedealing" Award Presented at UK Equity Awards 2001.Business Editors JERSEY CITY, N.J.--(BUSINESS WIRE)--Feb. 5, 2001 CSFBdirect (NYSE NYSE See: New York Stock Exchange :DIR), the online brokerage service of Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , today announced that it was voted "Best Overseas Sharedealing Service" at the annual Shares magazine UK Equity Awards 2001 in London. The Web site, used by UK investors purchasing U.S. securities, "scored incredibly strongly" in two categories: lower transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). and real-time prices. The company also "has a comprehensive, easy-to-use Web site with substantial market commentary and headlines," the magazine said. It was also noted that the site offered a secure online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. facility on all major U.S. exchanges, including the NYSE and NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on . "Adding this recognition to our roster of awards is quite gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. . As we expand our award-winning operation worldwide, our commitment to provide stellar quality services and innovative products for the self-directed investor remains strong," said Blake Darcy, Chief Executive Officer of CSFBdirect. "We are delighted to have won the Shares magazine award for `Best Overseas Shareholding Service,'" said Rosemary McFadden, Director of Global Business Development for CSFBdirect. "Increasing numbers of UK investors are keen to invest in U.S. markets, and we offer them a simple and secure way to do so at a low cost." The award was presented just prior to the rebranding of DLJdirect to CSFBdirect -- a result of the acquisition of Donaldson, Lufkin & Jenrette by Credit Suisse First Boston. About CSFBdirect CSFBdirect is one of the world's premier online brokerage firms offering a diversified range of investment products and services to sophisticated, self-directed investors. As of September 30, 2000, CSFBdirect had over one million worldwide customer accounts representing nearly $28 billion in assets. Headquartered in Jersey City, NJ, with offices in Parsippany, NJ, Charlotte, NC, Delray Beach, FL, Sandy City, UT, London, Tokyo, Hong Kong, and Dubai, CSFBdirect employs more than 1,800 people. CSFBdirect trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "DIR" as a tracking stock of Credit Suisse First Boston (USA), Inc. For more information on CSFBdirect, visit the company's Web site at www.CSFBdirect.com. About Credit Suisse First Boston Credit Suisse First Boston (CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank ) is a leading global investment banking firm serving institutional, corporate, government and individual clients. CSFB's businesses include securities underwriting, sales and trading, investment and merchant banking, financial advisory services, investment research, venture capital, correspondent brokerage services and online brokerage services. It operates in over 76 locations across more than 37 countries and six continents, and has some 28,000 staff worldwide. The Firm is a business unit of the Zurich based Credit Suisse Group, a leading global financial services company. |
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