Online share dealing more than doubled in the last quarter of 1999, according to figures from the Association of Private Client Investment Managers and Stockbrokers, reports the Financial Times.

The number of transactions over the internet increased from 155,000 in the third quarter to 371,000 in the fourth. Online transactions now account for almost 11% of execution-only trades - trades in which no advice is offered by the stockbroker. The final quarter also saw a 40% rise in execution-only trades. The level of interest was expected to continue, with internet trades forecast to account for one-fifth of execution-only trades by the end of March.