NexTrade Holdings, Inc. · Clearwater, FL United States
Company Description
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This link will open in a new window What's next for NexTrade Holdings? The company sold the NexTrade electronic communications network (ECN), which provided electronic trading of Nasdaq securities, to Citigroup in 2006, and since then has concentrated on becoming a holding company for various subsidiaries. It holds patents on expirationless options (XPOs), which, as their name suggests, are options on underlying assets such as equities, bonds, currencies, and commodities and have no expiration date. The company also owns broker-dealer Anderen Capital, which focuses on securities underwriting and wealth management. In addition, NexTrade Holdings is one of the primary owners of Anderen Bank, which has about five branches in the Tampa Bay area. To read the full description, subscribe now.
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Key NexTrade Holdings, Inc. Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Employees | 33 |
NexTrade Holdings, Inc. Executives
6 executives listed for NexTrade Holdings, Inc.'s Clearwater, FL location.
| Title | Name & Bio | Contact |
| President and CEO | John Schaible | Network |
| COO | Josef Schaible | Network |
| CFO | Melissa Otts | Network |
Competition
Competitive Landscape for NexTrade Holdings, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top NexTrade Holdings, Inc. Competitors
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