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-Gar Wood Securities expands option execution business with new hires.

BANKING AND CREDIT NEWS-August 26, 2013--Gar Wood Securities expands option execution business with new hires(C)2013 M2 COMMUNICATIONS http://www.m2.com

26 August 2013 -- Chicago-based broker-dealer Gar Wood Securities LLC said it has hired Patrick Seguin and Samuel Adams, who joined Gar Wood as part of a move to expand the firm's derivatives execution business.

According to Gar Wood, Seguin and Adams each have over 25 years of experience as brokers on the CBOE (NSDAQ: CBOE) floor and on off-floor agency trading desks.

Seguin and Adams were previously partners at IMM Execution Services, a CBOE broker-dealer that focused on agency option execution business that withdrew as a broker-dealer earlier this month and transferred its business to Gar Wood.

Gar Wood Securities, LLC is a boutique institutional broker-dealer specialized in derivative execution and prime brokerage services. The firm supports a network of independent contractors that trade solely on an agency basis and who have access to all major global markets covering equities, cash options, option futures and futures.

Formed in 2004, the firm is headquartered in Chicago, with branch offices in Atlanta, Dallas and Mobile.

Additional information is available at www.garwoodsecurities.net.

1 USD = 0.641787 GBP

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Publication:M2 Banking & Credit News (BCN)
Date:Aug 26, 2013
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