E*Trade $4m in the red

E*Trade Australia filed a preliminary net loss of $3.9 million for the financial year ending June 30.

Its total revenue was $19 million, including $5 million earned from its online brokering business, which was launched in April this year. E*Trade has more than 25,000 active customer accounts.

E*Trade chairman, Malcolm Spry is "delighted" with the results. Spry said the company hosted 3.5 per cent of the daily trades on the Australian Stock Exchange.

Spry said E*Trade would be launching an aggressive marketing and branding campaign this year. It will also further its alliance with ANZ Bank, Spry said.

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