OES MarketGroup Europe Formed
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OES Set to Launch Pan-European Routing and Linkage
Names Peter Keller Managing Director
LONDON & PRINCETON, N.J.--(Business Wire)--
OES MarketGroup, the leading independent provider of routing and
linkage services to the securities industry, today announced the
formation of OES MarketGroup Europe, designed to be the first truly
independent pan-European financial service provider linking European
securities exchanges and newly emerging liquidity pools.
OES said it plans to introduce and implement a new pan-European
routing platform that will connect major trading centers in Austria,
Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy,
Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden,
Switzerland and the United Kingdom through a routing system that
includes equities and derivatives. The launch of the routing platform
is subject to regulatory approval anticipated by the end of the year.
"By deploying our high performance order routing and linkage to
exchanges, new trading venues and dark pools, OES plans to be a major
factor in helping to revolutionize European trading," said David
Scheckel, chief executive officer of the OES MarketGroup.
OES 'Uniquely Positioned to Serve European Market Participants'
"European capital markets have been undergoing a transformation to
a more seamless trading environment, similar to the changes
experienced in the U.S. in recent years," Mr. Scheckel said. "OES will
leverage its experience as the leading U.S. routing and linkage
provider in serving the needs of our European clients in the wake of
sweeping regulatory changes under MiFID, the Markets in Financial
Instruments Directive in place in the European Union since last
November.
"By implementing our ultra-fast, neutral and highly scalable
technology platform, the new OES MarketGroup pan-European offering
will serve to set a new standard for routing and cross border trading
in the European equity and derivatives markets," he said.
Peter Keller Named Managing Director of OES MarketGroup Europe
Concurrent with the announcement of its entry into the European
securities marketplace, OES named Peter Keller as managing director of
OES MarketGroup Europe. Prior to joining OES, Mr. Keller was CEO of
virt-x (renamed SWX Europe), a leading cross-border trading platform
for trading in Swiss and European blue chip securities formed in 2001.
"We are delighted to have Peter Keller join OES to lead our
efforts in Europe," Mr. Scheckel said. "Peter brings to bear his
experience in building and running virt-x, as well as his extensive
knowledge of the European marketplace. Because OES is a technology
company at our core, Peter is an ideal addition to our team as he fits
the OES profile of being a high caliber, energetic leader with a
hands-on technology background."
Mr. Keller called joining OES and leading the launch of OES
MarketGroup Europe "a great opportunity to join a world-class team of
experienced securities professionals and to help transform the
European trading landscape."
"OES," he said, "has achieved a leadership position and an
excellent reputation as a pioneer in the U.S. securities industry,"
Mr. Keller said. "Now we fully intend to leverage that success and
become the leading routing and linkage provider in the European
securities marketplace."
About OES MarketGroup
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 and MiFID compliance
tools, sponsored market access, agency execution and private
inter-market linkages. Closely-held, OES is headquartered in
Princeton, N.J., with offices in New York, Newark and Los Angeles. For
more 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.
OES MarketGroup
David M. Scheckel, +1 609-430-0100
+ 44 (0)20 7084 6204
dscheckel@tradeoes.com
or
The Kaminer Group
David A. Kaminer, +1 914-684-1934
dkaminer@kamgrp.com
Copyright Business Wire 2008
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