About Nexa Technologies

Nexa was founded in 1999 in Irvine, California and launched the first retail, multi-lingual, multi-currency trading application in 2000. In 2001, Nexa entered into a strategic and financial partnership with Penson Financial Services and took over all of Penson's execution services business. Nexa merged internally with Integrated Trading Solutions ("ITS"), Penson's then current trading platform and the Quantitative Execution Group ("QEG"), Penson's high frequency trading group.

Nexa brought the multi-lingual, multi-currency order management system to the table, ITS brought an extremely flexible and scalable FIX and market data infrastructure and QEG brought experience in institutional and low-latency systems. Together with Penson this gave Nexa everything that it needed to become the world-class trading system that it is today.

Shortly after the merger, Nexa launched Meridian, a completely customizable web-based trading solution allowing them to capture extensive business in both the U.S. and Canadian markets.

As Penson began to wind down its business, Nexa was acquired by Fédération des caisses Desjardins du Québec ("Desjardins"). With the stability and backing of a nearly $200 billion company, Nexa has begun our next phase of growth and will soon be launching a number of new and exciting products.

Why Nexa?

Nexa provides Software as a Service (SaaS) solutions including a rich portfolio of trading technology products that allow our clients and partners to focus on their core business. Our reasonable pricing model and broad product scope offer our clients a unique competitive advantage. With our vast experience in the financial markets and trading industry, we understand your business and act as consultants, offering both the products and the expertise to help you to achieve effective results in all trading areas, including compliance, client management and operational efficiency. Our passion is cutting edge technology supported by a talented operations and development team; our focus is on enhancing your business model and creating custom solutions with products designed to increase your market presence; our value is in improving your bottom-line.

Because Nexa is a technology company and not a broker-dealer, you can always count on us to provide you the best quality products with no conflicts of interest. We do not compete with you, the broker-dealer, or your clients. We focus on providing software and services to help you present your products to your customers. Over the years we have successfully supported many active brokerage operations, clearing firms and high-volume hedge funds, offering flexible, customizable products with simple usage based pricing models. Let Nexa help you focus more on your business and less on technology.


  • 10+ years of industry experience
  • 50+ brokerage firms
  • 100,000+ end users
  • 1,000,000+ Executed Trades per month

  • Our passion is cutting edge technology
  • Our focus is on enhancing your business model
  • Our value is in improving your bottom-line

Executive Team

  • Bruce Ferguson II
  • Senior Vice President, Managing Director

  • Mr. Ferguson joined Penson Financial Services in 2003 to lead the development of Penson's next generation of high performance trading systems. He subsequently served as Senior Vice President of the Shared Technology Services group. After 7 years with Penson Financial Services, he was named President of Nexa in December of 2010 and in 2012 he assumed the additional role of Chief Information Officer of all of Penson. After the acquisition of Nexa Technologies by Federation des caisses Desjardins du Quebec in April 2013 he was asked to stay on as Managing Director to lead and grow the company in its new mission as a Desjardins company.

  • Previous to Penson, Mr. Ferguson helped found Pavilion Technologies, an Austin based company specializing in advanced control and modeling software that was acquired by Rockwell Automation, Inc. He is the co-author of seven patents and holds a degree in engineering from the University of South Carolina.
  • Yassin Sibai
  • Vice President, Head of Business Development

  • Mr. Sibai brings more than 15 years of experience in information technology, product life cycle management and financial markets. He joined Penson in 2006 as part of the proprietary trading team engaged in high frequency FX and Equity quant development and trading. In 2008, he spearheaded and delivered from inception to production the first release of DublinATS. Most recently, he was Vice President, Head of Product Development and Strategy at Penson leading the effort to deliver a Penson Global Trading Platform. Currently he is Vice President of Business Development at Nexa Technologies.

  • Previous to Penson, Yassin was a founding member of Rubicon Global Value Fund and a securities analyst. He also worked with Revere Data, LLC, a financial research firm. He holds CIO Executive Management and CIO Business Strategist MBA Certifications from Boston University, School of Management and received a Bachelor of Computer Science degree from Balamand University.
  • Scott Christian
  • Vice President, Head of Finance

  • Mr. Christian joined Nexa Technologies in July 2008 as Vice President of Finance to lead and manage the accounting function. During his time at Nexa he has defined accounting and financial strategies that improve performance, identify and mitigate risks and remediate issues that impede growth.

  • Prior to Nexa Technologies, Scott was the Assistant Controller for Prudential Real Estate and Relocation Services where he was responsible for consolidating the financial statements for all non-U.S. subsidiaries and he gained valuable experience in international accounting and corporate taxation. Scott is a Certified Public Accountant and holds a Bachelor of Science in Business Administration from California State University Bakersfield.
  • Wade Hanchar
  • Vice President, Head of Support

  • Mr. Hanchar is responsible for managing and directing Nexa application, database, and trading support teams. Wade has been with Nexa for 10 years - a majority of that time in technical leadership roles.

    Some of Wade's key accomplishments at Nexa include the creation of a 24x7x365 global network operations center, development of a true application support team, lead role in application infrastructure design for multiple data center migrations, joint lead role in the creation of Nexa's disaster recovery environment, and the operational oversight of all aspects of the Nexa production trading and market data systems between 2004 and 2014.
    Wade holds a Bachelors of Science degree in Computer Science from the University of North Texas. He worked as web developer and systems administrator prior to his time at Penson and Nexa Technologies.
  • Rick Woloss
  • Vice President, Head of Infrastructure

  • Mr. Woloss brings more than 20 years of experience in Information Technology, network design and network security. He joined Nexa Technologies in 2007 as part of the Network Operations team. In 2008 he led the design, execution, and implementation of Nexa’s production data center consolidation and build-out project as Director of Network Operations. Today, Mr. Woloss is responsible for the production and corporate network, systems, and security infrastructures.

  • Prior to Nexa Technologies, Mr. Woloss worked in the technology division of DST Systems. There, he led a team of engineers in many technology initiatives related to data center operations and network security. He holds a degree in Computer Science from Springfield College.
  • Dave Whittington
  • Vice President, Head of Development

  • Mr. Whittington joined Penson Financial Services in 2006 to help develop Penson's high performance trading and market data infrastructure. Working closely with clients, he helped deliver a high throughput, low latency execution platform for high-frequency traders. Later, he acted as software architect for real-time clearing and back-office solutions. In October, 2013, Mr. Whittington took over the leadership of the software development team.

  • Prior to Penson, Mr. Whittington worked with data communications technologies for options traders, Voice over IP / videoconferencing, and wireless data providers. He holds a Bachelors of Science degree in Computer Science from The University of Illinois at Urbana-Champaign and an MBA from The University of Texas at Austin.
  • Punky Fuerstenberger
  • Director, Human Resources

  • Ms. Fuerstenberger joined Penson Financial Services in 2008 to lead the Human Resources Department of its subsidiary, Nexa Technologies, Inc. She partnered with the Senior Management Team to create a Dual Career Path for all team members which led to the development of job descriptions, salary grades and ranges and the implementation of an online Payroll and Performance Review system. Implementation and automation of systems was a priority to bring Human Resources into the 21st century.

  • Prior to Penson, Ms. Fuerstenberger was a Senior Human Resources Manager with Hewlett Packard and managed employee groups in Cupertino, CA., Omaha, NE., Dallas and Austin, TX. She has been SPHR certified in Human Resources since 2004 and holds a Bachelor degree in Human Resource Management.