TD Waterhouse of New York is now replicating the growth-through-acquisitions strategy it has employed in the U.K., in the rest of Europe through the creation of an online discount brokerage joint venture with Banque Generale de Luxembourg.

TD Waterhouse has built a business serving 500,000 investors in the U.K. within the past two years by acquiring three major brokerage companies, according to a TD Waterhouse spokesperson. TD Waterhouse acquired Sharemarket of Manchester, England in October 1998, Dealwise of Leeds, England in May 1999 and Yorkshire of Bradford, England in November, 1999, according to the spokesperson. In 1999, in the middle of these new acquisitions, TD Waterhouse renamed the companies it had previously acquired in the U.K., the spokesperson said.

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