OES Emerges as 'Best Kept Secret' in Recent Flurry of Stock Exchange Merger Transactions.PRINCETON, N.J. -- Order Execution Services (OES), a leading independent agency broker-dealer providing low-cost, rapid-electronic trading execution services and access to all major and regional equity exchanges, has recently emerged as the "best kept secret" in the wake of the SEC's recently enacted Regulation NMS Regulation NMS (or Reg NMS) is a regulation promulgated by the United States Securities and Exchange Commission (SEC). According to the SEC, Reg NMS is "a series of initiatives designed to modernize and strengthen the national market system for equity securities. . and in the recent flurry of stock exchange acquisitions. David Scheckel, president of OES, said his company "has been working with a number of exchanges and market centers over the last year, acting as their replacement for the outdated Intermarket Trading System Intermarket Trading System (ITS) Electronic communications network linking the trading floors of seven registered exchanges to permit trading among them in stocks listed on either the NYSE or AMEX and one or more regional exchanges. (ITS) and providing direct electronic linkage to the regional exchanges. In addition," he said, "OES has also started to work with NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on to address its electronic linkage needs under Reg. NMS See NetWare Management System. . because we're the only independent broker-dealer that can provide this direct electronic linkage to all exchanges." Brian Hyndman, senior vice president, NASDAQ Transaction Services, said that "Reg. NMS fosters investor protection, enhanced competition, and transparency in the National Market System. By teaming with OES, NASDAQ is better able to meet the needs of its customers," (see "NASDAQ Announces Intention to Withdraw from ITS Plan," www.nasdaq.com/newsroom/news/pr2005/ne_section05_078.stm). Mr. Scheckel said OES "has been working with exchanges to meet the needs of their customers who demand trading with speed and certainty while maintaining anonymity through our direct electronic access to all exchanges and market centers." Listed Trading for Every Market "Regional exchanges are an important source of liquidity for listed traders," said Mr. Scheckel. "It's important that these exchanges be reached quickly and efficiently - a capability OES offers today. "As electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. at the NYSE NYSE See: New York Stock Exchange and other market centers has become mandated, direct electronic access is now a critical need," he said. "OES is a member of the regional exchanges, providing anonymous connectivity to all market centers for optimal execution." "One of the great strengths of the U.S. equity markets is that the trading interest of all investors is integrated into a unified market A unified market is the economic term for a single market where goods, services, capital and people can move freely without regard to national boundaries. These "four freedoms" are implemented by, among other things, removal of tariffs on the transfer of goods and services among system, to benefit small and large investors as well as both retail and institutional investors," said Mr. Scheckel. "With our technology and automation, and the reforms enacted under Reg. NMS, OES will continue to work with great companies such as NASDAQ and ArcaEx, the regional exchanges and other market centers to enable competition between investors' orders as well as competition between markets." About Order Execution Services (OES) Order Execution Services (OES) is an independent agency SEC-registered broker-dealer formed in 2002 by the management buyout Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. of the Herzog-listed trading division from Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. . Closely-held, OES is based in Princeton, N.J., with offices throughout the country providing low-cost, rapid-electronic trading execution services and access to all equity exchanges and market centers. OES's trading execution platforms provide customers with fast electronic trade execution, transparency and open market access. For information, visit www.tradeoes.com. About NASDAQ NASDAQ is the largest electronic screen-based equity securities market in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . With approximately 3,300 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/. |
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