Press Releases

NexTrade Appoints CFO

Douglas O’Dowd is Newest Addition to Executive Staff

December 9, 1999

Clearwater, FL - NexTrade Holdings, Inc., operator of NexTrade ECN (Electronic Communications Network), today announced that Douglas O’Dowd has joined the company as Chief Financial Officer. In his new role, Mr. O’Dowd will be responsible for enhancing NexTrade’s financial operations and positioning the Company’s resources for expected growth in the next year.

"Mr. O’Dowd brings with him a great deal of experience in the financial operations of private-to-public companies, in a variety of industries," said Mark Yegge, NexTrade CEO, "which is invaluable to the Company and our plans for future growth."

Mr. O’Dowd’s previous experience includes six years with Deloitte & Touche LLP, where he was part of the team responsible for the successful initial public offering of Outback Steakhouse in 1991. Most recently, Mr. O’Dowd was Corporate Controller at JLM Industries, one of largest global marketers, distributors and manufacturers of petrol and specialty chemicals, where he was brought on specifically to handle their SEC filings and manage their IPO. He holds a B.S. in Accounting and an MACC in Accounting, both from the University of Florida. Mr. O’Dowd became a Certified Public Accountant in 1989.

About NexTrade: based in Clearwater, Florida, NexTrade is one of nine SEC-approved Electronic Communications Networks (ECNs) operating in the United States. NexTrade has the distinction of being the first ECN to offer 24-hour trading through participating broker/dealers. NexTrade caters to virtually all types of financial institutions including market makers, mutual funds, hedge funds, other buy-side firms, on-line broker/dealers and traditional brokerage firms. NexTrade has been pursuing approval from the SEC to become a fully-electronic securities exchange. Website:

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