In a bid to expand internationally, E-Trade Group, a Palo Alto, Calif.- based on-line securities trading operation, last week signed licensing agreements with two German financial services firms.

Though E-Trade did not disclose terms, a source said it has taken stakes of 25% to 30% in Berliner Freiverkehr in Berlin and New York Broker Group in Dusseldorf.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.