OES Holdings Names John Gilchrist Senior VP and Director of IT

Business Wire, Feb 9, 2006

PRINCETON, N.J. -- Order Execution Services Holdings, the parent company of Order Execution Services, LLC, a leading independent SEC-registered broker-dealer, announced today that it has named John Gilchrist as senior vice president and director of information technology.

"OES has continued to drive very significant growth in electronic trading volume, linkage and connectivity in the past year, creating the need to further strengthen our senior management team," said David Scheckel, CEO of OES, to whom Mr. Gilchrist reports.

"With technology vital to our overall growth and services strategy, we identified John as having a unique blend of experience in IT and the securities industry, making him a perfect choice to keep OES technologically sound and out in front," he said.

In his newly-created position Mr. Gilchrist will work to keep OES at the leading edge of technology and IT security as it continues to service broker-dealers, exchanges and market centers throughout the U.S.

Mr. Gilchrist joins OES after more than 18 years as a technology manager, project manager and business liaison with Wall Street brokerage experience. Most recently he was a director of Global Markets and Investment Banking Technology for Merrill Lynch, where he served as project manager for its Direct Market Access (DMA) trading application and as development manager for its proprietary Nasdaq Marketing Making Trading System (TSS).

Previously, Mr. Gilchrist was vice president of information systems for Herzog Heine Geduld from 1987 through 2002, both before and after the company became a Merrill Lynch subsidiary.

Mr. Gilchrist received an M.S. in Computer Science from Hofstra University and a B.S., with a double-major in Computer Science and Applied Mathematics from SUNY at Stony Brook. He also earned a Security Industry Institute Certificate at the Wharton School of the University of Pennsylvania.

"This is a very exciting time to join the OES team as the company continues to evolve," said Mr. Gilchrist. "I look forward to contributing to the success of OES and being a part of an organization that puts technology to work for its customers."

About Order Execution Services (OES)

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 compliance tools, sponsored market access, agency execution and private inter-market linkages. OES was formed in 2002 by the management buyout of the Herzog-listed trading division from Merrill Lynch. Closely-held, OES is headquartered in Princeton, N.J., with offices in Chicago, Los Angeles, San Francisco, Boston and Philadelphia. 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.