Liberty Execution Services, Inc. offices are located outside of the Exchange at 2000 Market Street in Philadelphia. As of now, Liberty Execution Services, Inc. will be trading customer order flow in approximately 70 issues. The firm's traders have over 70 years experience trading at the PHLX, most of which were with the former Bloom Staloff Corporation. "As in the past, our main goal is to provide customers with the best possible executions and services," said Harry Green, the firm's senior vice president and head trader. Liberty Execution Services, Inc. is a wholly owned subsidiary of Jefferies Group, Inc. (NYSE:JEF).
With the introduction of the PHLX Remote Competing Specialist System (RCSS), specialists and order flow providers are no longer tied to providing specialists liquidity and market depth from a central trading floor.
The PHLX Remote Competing Specialist System enables specialists to trade from remote sites through a sophisticated trading network market center, permitting virtually unlimited access to qualified specialist applicants and customers alike. Remote Competing Specialists may trade any of the nearly 1,800 (NYSE and AMEX listed) issues offered through the Philadelphia Automated Communication and Execution (PACE)® system. The Exchange's implementation of an intelligent IP WAN service provided by Savvis Communications ensures high availability to all PHLX services.
The Philadelphia Stock Exchange was founded in 1790. The PHLX trades 2,000 stocks, nearly 1,000 equity options, 12 sectors index options and currency options. For more information about the PHLX and its products, visit www.phlx.com.
