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OES Holdings Names Corey Zimmerman to Spearhead Move into Options and Derivatives.


PRINCETON, N.J. -- Order Execution Services Holdings, Inc. (OES), the parent company of Order Execution Services, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, and ABS Brokerage Services, LLC, both leading independent introducing and agency broker-dealers, today announced the appointment of former Botta Capital Management principal Corey Zimmerman as managing director, options and derivatives.

"This is an important appointment and another key acquisition of top talent for OES as we aggressively expand our business model into the options agency execution business," said David Scheckel, the company's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. .

Mr. Zimmerman, he said, will be responsible for completing and executing the business plan for OES's options products, and will initially lead the launch of the options connectivity and execution business offering assumed by OES through alliances with a number of broker-dealers and exchanges.

"Our first goal is to make OES the premier provider of options market center liquidity access for the options and derivatives industry," Mr. Scheckel said. "In Corey Zimmerman, we have an experienced leader who can help assure our successful entrance into this marketplace. Corey's direct derivative trading expertise and comprehensive knowledge of the market structures and participants in the options industry are invaluable assets to bring to OES at this juncture.

"Launching the options agency execution business assumed through various alliances is a high priority for OES, as is focusing on developing other initiatives that will grow our options business," he said. "OES is counting on Corey's strong leadership to make substantial progress in both areas."

At Botta Capital, an options trading firm formerly based in Chicago, Mr. Zimmerman was an options specialist on the floor of the Chicago Board Options Exchange Chicago Board Options Exchange (CBOE)

A securities exchange created in the early 1970s for the public trading of standardized option contracts. Primary place for the trading of stock options, foreign currency options, and index options (S&P 100, 500, and OTC 250 index)
 (CBOE CBOE

See: Chicago Board Options Exchange


CBOE

See Chicago Board Options Exchange (CBOE).
), interacting with customer order flow, working with institutional and retail investors, and monitoring execution quality. He also served on various CBOE committees, including Equity Floor Procedure, Stock Selection and Arbitration and Appeals.

"OES is as progressive an organization as there is in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 today," Mr. Zimmerman said. "It has built a reputation for consistently driving positive, investor-friendly changes in the equities market, and is well positioned to make a similar impact on the options marketplace. I am excited to be joining such a forward-thinking company at a critical time in the evolution of OES and the markets."

Mr. Zimmerman holds a law degree from Loyola Law School Loyola Law School is the law school of Loyola Marymount University, a private Jesuit school in Los Angeles, California. Loyola was established in 1920. Like Loyola University Chicago School of Law and Loyola University New Orleans College of Law (separate and unaffiliated  in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , and a B.A. from U.C.L.A. He will be based in OES's Chicago office (312-604-8640).

About Order Execution Services (OES)

Order Execution Services Holdings, Inc. (OES), through its wholly-owned technology and broker-dealer subsidiaries, provides seamless electronic market connectivity, liquidity access and rapid executions by linking broker-dealers, trading systems, exchanges and market centers. As an innovative securities industry leader, OES specializes in smart-order routing, Reg. NMS See NetWare Management System.  compliance tools, sponsored market access, agency execution and private inter-market linkages. OES was 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 headquartered in Princeton N.J., with offices in Chicago, Los Angeles, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Boston and Philadelphia. For information, visit www.tradeoes.com

This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.

All trademarks are properties of their respective owners.

2006 Order Execution Services Holdings, Inc. All Rights Reserved
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 22, 2006
Words:576
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