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by Dave Porter

Business Brokerage Online brokerage, Ameritrade, is buying Toronto-Dominion Bank's TD Waterhouse in deal valued at $2.9 billion that will create the biggest online broker in the World.If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. Membership is free.

Although online brokerage has lost some of its cachet, firms have built a solid franchise. Trade Group Inc. (www.etrade.com) had its seventh straight quarter of operating profits in the first quarter, generating $19.4 million in earnings before a charge related to a change in accounting rules. Ameritrade Holding Corp. (www.ameritrade.com) had net income of $11 million in its fiscal first half, ended March 29.

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AXA is a world leader in financial protection and wealth management, with major operations in Western Europe, Pacific area. AXA services 50 million customers throughout the world ( ). In total, the AXA Group has approximately 110, , working in around fifty countries. * reported total revenues for the first half of 2006 of £29 billion and underlying earnings of £1200 million and had £700 billion in assets under management as of June 30, 2006.

Online Brokerage June 22, 2005 (AXcess News) Toronto - Online brokerage, Ameritrade, is buying Toronto-Dominion Bank's TD Waterhouse in deal valued at $2.9 billion that will create the biggest online broker in the World.Ameritrade said the combined companies would create significant value in cost savings, though layoffs were not mentioned.

Robert T. Slezak has served as a member of Web.com's Board of Directors since August 2001. From 1989 to November 1999, Slezak served as Chief Financial Officer of Ameritrade Holding Corporation, managing the accounting, finance, tax, mergers and acquisitions, and regulatory reporting functions of this online brokerage firm. He currently also serves as a Director on the boards of TD Ameritrade, Matrix Bancorp, Inc., BAM! Entertainment, Inc. and Crown Financial Group, Inc. Slezak has worked as an independent management consultant since November 1999.

Real Estate Broker Toronto-Dominion will retain 32% of the merged online brokerage firms once the deal is closed. The new company is going to be called TD Ameritrade and will carry a combined customer account base of over 5.9 million users who trade online. Ameritrade said the combined businesses will execute 239,000 trades daily.The deal comes at time online brokerages are still recovering from the dotcom bust when 30% of all trades on the NASDAQ and NYSE came from online firms. Now, that number is down to 10%.

National brokers muscle in It's not just the local brokers who swoop in to make a profit on the Final Four. based Premiere Sports Travel, based RazorGator began buying up blocks of local hotel rooms years out. "As soon as the bid goes out, we're scouting the area and buying hotel rooms, " said David Lord, CEO of RazorGator, one of the nation's largest ticket brokers.

Agency Brokerage Spark The merger could pressure other online brokerage firms to consolidate.

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