Net:X America, Inc. licenses its software products to brokers, offering online trading and account management capabilities to their clients. Its software product comprises two software programs, StockEX and Investor Account Manager (IAM). The StockEX is a proprietary transaction-based software program, which provides an interface between the investor’s computer and the brokerage’s Web site. In addition to providing online trading, the StockEX program also offers such record keeping features as trade confirmations and records of all transactions executed by the client. IAM offers various account management programs, including managing cash accounts, pooled funds, assets, and securities trading accounts along with client account reporting via the Internet. This software allows a brokerage house, investment manager or trustee to access and provide full client account information to their clients.
The company is an Oregon corporation organized in 1987 as WESTAQ Network, Inc. to provide electronic information services. WESTAQ Network changed its name to Net:X America, Inc. in 1996. Net:X America has its principal executive offices in the Netherlands, Antilles.