Ecorp chairman Mr Daniel Petre admitted to being late into the online broking game but saw the 50-50 joint venture with Charles Schwab as being about far more than online trading.
Financial services is a huge market that is getting bigger all the time.
While we have every intention of being a major player, we don't need to be number one, two or three to be enormously profitable. The financial services market is going through massive change said deputy chairman, Mr Jeremy Philips.