ANZ Bank said that its New Zealand subsidiary, ANZ National, agreed to buy the Direct Broking share trading business from finance company Dorchester Pacific.The bank said Direct Broking represented about seven per cent of transaction turnover on the New Zealand Stock Exchange. According to ANZ, Direct Broking "pioneered Internet share trading in New Zealand."ANZ said that combined with the existing business trading as National Bank Online Share Trading, the bank "should now account for over 10 per cent of NZX trade volume."The bank said Direct Broking would "maintain its independent status operating as a subsidiary", and continue to be run by its founder Nigel Wynn and fixed interest director David Speight. The annual report of Dorchester Pacific for the year to March 2005 shows that it earned a profit of NZ$1.1 million on revenues of NZ$8.2 million. In the half year to September 2005, this segment earned a profit of NZ$698,000 on revenues of NZ$4.6 million.