Press Releases

NexTrade ECN Announces Strategic Agreement with Dreyfus Brokerage Services, Inc.

Clearwater, FL (January 31, 2000)

NexTrade, an SEC-approved Electronic Communications Network (ECN) for trading securities, announced today that it has entered into a strategic relationship with Dreyfus Brokerage Services, Inc., an on-line, retail customer brokerage firm. Under the agreement, NexTrade will provide Dreyfus Brokerage Services, and its customers direct market access, trade executions, and enhanced software technology, including the use of NexTrade's Pro-Trade™ Software. Specific terms of the agreement were not disclosed.

"We're excited about our relationship with Dreyfus Brokerage Services," said NexTrade CEO, Mark Yegge. "They have a keen vision of the future of electronic trading, and we look forward to working with them and being an integral part of that future."

"NexTrade will give us an additional avenue to the marketplace which we believe will ensure the continued quality of our executions," said Dreyfus Brokerage Services CEO, Jeff Nachman. "We intend to leverage NexTrade's capabilities and technology for the benefit of our accountholders."

NexTrade, based in Clearwater, Florida, is an Internet technology firm committed to building the world's finest electronic securities trading systems. As an SEC-approved Electronic Communications Network (ECN), NexTrade has the distinction of being the first ECN to offer global 24-hour trading through participating broker/dealers. NexTrade serves a variety of financial institutions including market makers, mutual funds, hedge funds, other buy-side firms, on-line broker/dealers and traditional brokerage firms. In 1999, NexTrade developed the world's first internet-based spot foreign currency trading platform, Matchbook FX, in which it is one-third owner. NexTrade has officially applied with the SEC to become a registered, fully electronic securities exchange.
SOURCE: SuccessTrade


Contact: Arlana Guckenberger

Founding Member of
MatchbookFX LLC