SAN FRANCISCO, May 31, 2012 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), today announced a strategic alliance with Livevol® Inc. to execute options and equity orders through its derivatives trading desk on behalf of Livevol's customers.
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"We are proud to be selected by Livevol to establish an agency desk agreement that provides Livevol's institutional customers with quality options and equity trading execution," said Joe Minton, Head of Derivatives at Merriman Capital. "We are firm believers in Livevol's options trading tools and technology, which we have been using to help our institutional investors achieve their trading goals for more than two years. We are now pleased to support Livevol's distribution efforts, further demonstrating our commitment to our trading execution business and the Livevol relationship."
This strategic alliance provides a facility for Livevol's institutional customers to receive Livevol data and analytics research tools through the agency desk established with Merriman. The agency desk is scheduled to begin accepting Livevol's customer orders by June 1, 2012. Merriman recently advised Livevol on their institutional raise, completed on May 18th, 2012.
"Livevol continually evaluates new partners that can meet our high standards for products and service the industry has come to expect from our firm," said Dax Rodriguez, President of Livevol. "We have developed a strong relationship with Merriman Capital, which is built on partnership and trust. Our customers can rely on the Merriman team to provide the same high standards and service when placing orders, assessing market liquidity and executing trades through Merriman's derivatives trading desk."
About Livevol, Inc.
Livevol® Inc. is a privately held, leading provider of real-time and historical data solutions to professional and retail equity and index option traders. Livevol offers direct market access to options and equities traders through Livevol Securities, Inc., Member FINRA/ SIPC. For more information, please go to http://www.livevol.com and http://www.livevolsecurities.com
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. The firm also provides capital raising, advisory, and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR) and is the leading investment banking firm for OTCQX companies. For more information, please go to http://www.merrimanco.com/.
Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/.
Note to Investors
This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 30, 2012. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K/A filed on April 30, 2012, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on "Investor Relations."
SOURCE Merriman Holdings, Inc.
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