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Home > Company Index > Financial Services > Investment Banking & Brokerage > Datek Online Holdings Corp.

Datek Online Holdings Corp.
 NEWS FROM THE STANDARD
Schwab July Trading Volume Falls
Aug 15 2001 06:35 AM PDT

Investor Group to Buy Majority Stake in Datek
Dec 01 2000 09:35 AM PST

Datek Gives Some Back
Jan 24 2000 12:00 AM PST

Valuation Issues Stall ECN Deal
Oct 08 1999 12:00 AM PDT

French Tycoon Forms Net Incubator
Jul 01 1999 12:00 AM PDT

 PROFILE
One of the top online brokerages in the US (Charles Schwab's is #1), Datek Online Holdings provides investors with market access and up-to-the-second market data through its Datek Online Financial Services subsidiary. Clients can trade up to 5,000 shares for less than $10 in commissions and receive real-time market and balance information. The company shaves its commission by funneling Nasdaq trades through 10%-owned electronic communications network The Island ECN, and clears them in-house. It also owns stakes in firms that develop trading software. A group of investors led by Bain Capital bought out Datek Online in 2000, spinning off former subsidiary The Island ECN.

 COMPETITION
The Charles Schwab Corporation (SCH)
E*TRADE Group, Inc. (ET)
TD Waterhouse Group, Inc. (TWE)

 DEALS
Deal: Investor Group Acquires Majority Stake in Datek
Date Announced: 12.01.00
Value of transaction (US $Mil): 700
Description: Bain Capital, TA Associates and Silver Lake Partners has acquired a majority stake in the Internet brokerage firm for $700 million.

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 300.00
1-Yr. Sales Growth: 300.0%
Employees: 377
Revenue per employee: $795,755.97

 KEY PEOPLE
• Edward J. Nicoll
    CEO
• Thomas F. Robards
    CFO

 CONTACT INFO
70 Hudson St.
Jersey City, NJ 07302
US
Phone: 732-635-7500
Fax: 732-744-9144
Online: Web Site

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