OES MarketGroup Subsidiary, ABS Brokerage Services, L.L.C. Announces Membership Approval To The New York Stock Exchange

ABS Brokerage Services, L.L.C., a wholly owned subsidiary of OES MarketGroup is pleased to announce it received approval for its membership application to the New York Stock Exchange. One of four OES MarketGroup (“OES”) broker-dealers, ABS Brokerage Services, L.L.C. (“ABS”) is an agency brokerage firm that provides routing and linkage services to exchanges and sell-side customers and acts as a conduit broker to the national market system.

Michael Barth, executive vice president, Strategic Initiatives of OES, said, “the NYSE membership marks another important milestone in the growth and expansion of the business model for ABS. OES purchased ABS from the Archipelago Exchange two years ago and since then has expanded the firm’s agency brokerage business operations to include memberships at Nasdaq, ISE Stock Exchange, NYSE Arca, Chicago Stock Exchange, and now the NYSE.”

“With the NYSE membership ABS now can act as agent for clients across the biggest U.S. stock exchanges, and with its FINRA membership access, ECNs, ATSs, and broker-dealer operated dark liquidity pools,” Mr. Barth said. “OES continues to expand its leadership in routing and linkage technology with greater availability and back-up capabilities for agency brokerage services from its ABS subsidiary.”