 |
||||||||||||||
|
||||||||||||||
FOR IMMEDIATE RELEASE Jefferies Announces Joint Venture to Expand Options Trading; Partnership with PEAK6 Creates New Broker Dealer, Jefferies Options Execution NEW YORK--(BUSINESS WIRE)--Feb. 1, 2005--Jefferies Group, Inc. (NYSE:JEF) today announced that its principle operating subsidiary, Jefferies & Company, Inc., and PEAK6 Investments, L.P. have formed a new broker dealer named Jefferies Options Execution LLC ("JOE"). The establishment of JOE enables Jefferies to provide institutional clients with enhanced product coverage in equity options trading, with a particular emphasis in the segment of mid-cap companies that are the focus of Jefferies' trading, research and investment banking effort. To maximize the sales and distribution of this enhanced offering, Jefferies plans to expand its sales force to realize stronger product coverage in options trading. "Jefferies' partnership with PEAK6 is the latest step in our continued expansion of products to better serve our institutional client base," commented Richard B. Handler, Chairman and CEO of Jefferies. "We expect continued growth in the demand for options trading, and our investment in JOE reflects our commitment to enhance our existing options business to better serve our customers." "We are very excited to leverage our expertise in options technology and execution to Jefferies' leading network of institutional investors," said Matt Hulsizer, CEO of PEAK6. "Jefferies' relationships, combined with the options products of PEAK6, make a strong partnership." Owned equally by Jefferies and PEAK6, JOE will be based in Chicago and will begin operations as a member of the CBOE on February 7, 2005. JOE's Board of Managers consists of Tony Sanfilippo, Executive Vice President and Head of U.S. Equity Trading at Jefferies, and Matt Hulsizer from PEAK6. About PEAK6 PEAK6, founded in Chicago in 1997, is one of the largest options market makers. The firm focuses on providing innovative service, speed, consistency, and best price solutions to customers. PEAK6's proprietary trading technology allows the firm to make bids or offers on U.S. exchanges on every equity option on every stock on a real time basis. PEAK6's systems and capital allow the firm to provide liquidity and manage inventory in over 2000 listed options. About Jefferies Jefferies, a global investment bank and institutional securities firm, has served mid-sized and growing companies and their investors for over 40 years. Headquartered in New York, with more than 20 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefco.com). CONTACT: SOURCE: Jefferies & Company, Inc. |
||||||||||||||
| Site Map | Customer Notices and Policies | Contact Us | ||
| © 2008 Jefferies & Company, Inc. | Member, SIPC |