Source: Zealous Trading Group
Zealous Trading Group, Inc. (OTCBB: ZLST, ZATS) has expanded the New York sales and trading effort of its Zealous ATS (ZATS) electronic marketplace and moved its offices to 230 Park Avenue, the Helmsley building, in Midtown Manhattan.
In conjunction with the move, the company has hired a number of sales, trading, and support professionals for the expansion of its New York operations.
The office move includes an increase in sales, trading, settlement, and customer support professionals of its ZATS marketplace for restricted and illiquid securities. The company's corporate headquarters will remain in Los Angeles where it will maintain a small institutional sales and trading effort for coverage of West Coast accounts.
Zealous Trading Group has recently announced several initiatives regarding the company's business expansion. It expects to launch ZATS Version 2.0 during the first quarter of 2008, which the company will develop in collaboration with EAI Technologies. In addition, the company is in the process of developing the first ever PIPES Index to track alternative finance market returns. Zealous also recently expanded to Boston to capitalize on the strong financial community in and around the city.
"We feel the expansion of our operations in New York City, the financial capital of the world, represents the natural evolution of our business," said Zealous Trading Group CEO and President Milton "Todd" Ault III. "The large pool of human capital, and proximity to ZATS key clients in New York, made the decision to dramatically increase our operations rather simple. With the recent opening of a Boston office, we feel we can effectively service a majority of ZATS current and potential East Coast members."