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Home > Company Index > Financial Services > Investment Banking & Brokerage > National Discount Brokers Group, Inc.

National Discount Brokers Group, Inc.
 NEWS FROM THE STANDARD
Online Brokerages Do Some Buying of Their Own
Jul 31 2001 02:25 PM PDT

Deutsche Bank Makes Bid to Buy NDB
Oct 10 2000 01:27 PM PDT

Market Movers: The Techs Are Falling!
Sep 08 2000 03:33 PM PDT

 PROFILE
National Discount Brokers Group knows the place to be is online. The company is the parent of National Discount Brokers, an online retail brokerage that focuses on Internet and telephone trading through its Web site, www.ndb.com. Another unit, NDB Capital Markets, is a broker for institutional investors and a market maker for Nasdaq and small-cap stocks. The company's Millennium Clearing unit provides in-house clearing services. It has plans to offer these services to third parties. National Discount Brokers Group is a unit of global banking powerhouse Deutsche Bank. US-based online brokerage Ameritrade is buying the company.

 COMPETITION
The Charles Schwab Corporation (SCH)
Merrill Lynch & Co., Inc. (MER)
Quick & Reilly/Fleet Securities, Inc. (dossier)

 DEALS
Deal: Ameritrade Acquires NDB.com for $154 Million in Stock
Date Announced: 07.31.01
Value of transaction (US $Mil): 154
Description: Online trading firm acquires online broker, National Discount Brokers Corporation, for $154 million in common stock.

Search all deals for this company

 FINANCIAL OVERVIEW
Fiscal Year-End: May
2000 Sales (mil.): 385.80
1-Yr. Sales Growth: 85.6%
Employees: 902
Revenue per employee: $427,716.19

 KEY PEOPLE
• Arthur Kontos
    CEO
• Daniel Fishbane
    CFO

 CONTACT INFO
10 Exchange Place Center, 15th Fl.
Jersey City, NJ 07302
US
Phone: 201-946-2200
Fax: 201-946-4520
Online: Web Site

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