Order Execution Services Names Michael Barth Senior Vice President, Exchanges and Market Centers.

PRINCETON, N.J. -- Order Execution Services (OES), an independent agency SEC-registered broker-dealer, today announced the appointment of Michael Barth as senior vice president, Exchanges and Market Centers.

In his newly-created position, Mr. Barth will be responsible for coordinating business activities and new strategic initiatives between OES and the various exchanges and market centers that OES regularly conducts business.

Mr. Barth comes to OES with more than two decades of experience in the securities industry, including what David Scheckel, OES's CEO, called "an extensive and impressive record of accomplishment" in marketing and sales, regulation, trading operations and systems, and correspondent clearing. Immediately prior to joining OES, he was as vice president of the Philadelphia Stock Exchange ("PHLX"), where he headed a division within its regulatory group.

Previously, Mr. Barth spent 21 years at the Pacific Exchange, where he led teams in its marketing, trading operations and regulatory areas. He also served with Wedbush Morgan Securities, where he was in sales for the correspondent clearing division. In addition, Mr. Barth has participated as an exchange representative in various national market system committees, including the Consolidated Tape Association and the operating committees of Intermarket Trading System and NASDAQ UTP Plans.

He is a 1978 graduate of the University of California, Los Angeles (UCLA), where he received a BA in Economics.

"Mike Barth and OES is an exceptional fit as we carve out a critical linkage niche in the post-Reg NMS market structure," said Mr. Scheckel. "His market structure knowledge, deep exchange experience, strong leadership abilities, and important industry contacts and reputation will all have an immediate and long-term impact to our rapidly growing business lines and organization."

About Order Execution Services (OES)

Order Execution Services (OES) is an independent agency SEC-registered broker-dealer formed in 2002 by the management buyout of the Herzog-listed trading division from Merrill Lynch. 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