BNY ConvergEx Group, LLC, has created a new solution that enables small and medium-sized pension funds to leverage the benefits of international asset reallocation opportunities.
Through its global transition management business, ConvergEx has created a new clearing solution that gives small and medium sized pension fund clients investing in commingled funds the ability to use transition management to make changes in investment strategy. ConvergEx's global clearing arrangements allow it to offer efficient global trading and settlement to those clients without their own global clearing and settlement framework in place.
"As the recent uncertainty in the equity markets has demonstrated, having access to a multitude of markets and asset classes is essential when seeking enhanced returns, beating benchmarks, or simply staying above water," stated Carey S. Pack, Chief Executive Officer, BNY ConvergEx Execution Solutions. "This is another prime example of ConvergEx's ongoing commitment to creating unique solutions to the increasingly sophisticated demands of our global transition management clients."
Kal Bassily, CFA, Managing Director and Global Head of BNY ConvergEx Group's global transition management business, commented, "Clients who lack the ability to trade and settle their portfolios in non-US securities are exposed to greater risk during the transition process if the trade involves a large cash funding component. We have created a unique remedy to this problem by allowing small and medium-sized pension funds to participate in transitions as they never have before, while both expanding the breadth of opportunities available to them during changes in investment strategy and increasing our ability to hedge and mitigate risk."
ConvergEx's global transition management business recently received eleven "Best in Class" rankings in Plan Sponsor Magazine's 2008 Transition Management Survey, including wins for best in Pre-Trade, best in Execution, best in Post-Trade and best in Organization & Support, as well as a sweep of the Endowments, Foundations, and Nonprofits category.
With a dedicated team of professionals worldwide, ConvergEx's experience, global capabilities and dedicated expertise help to provide clients with a customized transition strategy that can preserve assets, minimize market impact, manage risk and minimize cost.
Showing posts with label BNY ConvergEx Group. Show all posts
Showing posts with label BNY ConvergEx Group. Show all posts
Tuesday, 4 November 2008
Monday, 3 November 2008
BNY ConvergEx Tops NYSE Euronex Broker Volume
BNY ConvergEx Group, LLC, today announced that it was ranked number one in the NYSE Euronext Broker Volume Top 10 from October 1st through October 21st 2008.
Over the past year ConvergEx has quickly moved from being consistently ranked in the top 10 of all firms in NYSE Euronext trading, to a top 5 ranking at the end of the third quarter, to a number one ranking for the period mentioned above. This rapid increase in volume can be attributed to ConvergEx's agency model, which has allowed it to put the needs of its clients first and maintain a position of strength during this period of unprecedented market volatility.
As trading volatility surged around the world over the last several months, significant growth was attained in both the number and type of new client wins, even as the complexity and degree of difficulty of the trades being executed greatly increased. The NYSE Euronext Broker Volume Top 10 provides a way to identify the leaders in equity orderflow and lists the top 10 NYSE member firms by volume.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "ConvergEx's ability to thrive in this unstable and challenging trading environment is a direct result of a unique agency trading model that combines advanced execution technology with the skill of our sales traders. Clients have realized that this model allows us to focus solely on their investment objectives, and better positions us to be their partner for the long term."
Over the past year ConvergEx has quickly moved from being consistently ranked in the top 10 of all firms in NYSE Euronext trading, to a top 5 ranking at the end of the third quarter, to a number one ranking for the period mentioned above. This rapid increase in volume can be attributed to ConvergEx's agency model, which has allowed it to put the needs of its clients first and maintain a position of strength during this period of unprecedented market volatility.
As trading volatility surged around the world over the last several months, significant growth was attained in both the number and type of new client wins, even as the complexity and degree of difficulty of the trades being executed greatly increased. The NYSE Euronext Broker Volume Top 10 provides a way to identify the leaders in equity orderflow and lists the top 10 NYSE member firms by volume.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "ConvergEx's ability to thrive in this unstable and challenging trading environment is a direct result of a unique agency trading model that combines advanced execution technology with the skill of our sales traders. Clients have realized that this model allows us to focus solely on their investment objectives, and better positions us to be their partner for the long term."
LiquidPoint
LiquidPoint, based in Chicago and a member of BNY ConvergEx Group, is an agency-based registered broker-dealer that specializes in derivatives execution management technology and brokerage services for listed options and equities. LiquidPoint provides a total solution for today's dynamic and diverse trading requirements, combining sophisticated trading tools with its commitment to superior order execution services and focused customer support.
LiquidPoint Claims Options Trading Record
BNY ConvergEx Group, LLC today announced that LiquidPoint routed and/or executed a record 84.6 million options contracts for the month of October 2008. This represented LiquidPoint's highest volume ever recorded in one month, surpassing September 2008 as the previous record month and bringing its year-to-date options contract total to 631 million.
LiquidPoint's October volume represents an increase of 54.8% compared to October 2007, while the overall volume of the U.S. options industry increased approximately 28.7% over the same period, according to transaction volume data obtained from the Options Clearing Corporation (OCC).
"The fact that we were able to achieve record volumes while overall options volume has grown to a less dramatic degree is a great testament to the strength and reliability of our options execution technology," commented Anthony J. Saliba, Chief Executive Officer, LiquidPoint. "Clients continue to recognize the advantages of ConvergEx's independent agency trading model, especially as an oasis of calm during this period of extreme volatility in the markets."
LiquidPoint's October volume represents an increase of 54.8% compared to October 2007, while the overall volume of the U.S. options industry increased approximately 28.7% over the same period, according to transaction volume data obtained from the Options Clearing Corporation (OCC).
"The fact that we were able to achieve record volumes while overall options volume has grown to a less dramatic degree is a great testament to the strength and reliability of our options execution technology," commented Anthony J. Saliba, Chief Executive Officer, LiquidPoint. "Clients continue to recognize the advantages of ConvergEx's independent agency trading model, especially as an oasis of calm during this period of extreme volatility in the markets."
Monday, 22 September 2008
BNY ConvergEx Award
BNY ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, today announced that it was named a top broker for best execution according to Investment Technology Group, Inc.'s (ITG(R)) ITG Broker Edge(TM) report for the period ending March 31, 2008.
ConvergEx was named a Top 5 broker in execution quality for "medium trades - between 10,000 and 50,000 shares" and a Top 10 broker in "small trades - less than 10,000 shares." ConvergEx was also ranked in the Top 5 for "lowest execution cost" for both small and medium trades.
ITG Broker Edge is a transaction database of nearly 7 million trades ($3.3 trillion in volume) compiled from data contributed by Investment Technology Group, Inc.'s investment manager clients. The rankings are based on four quarters of U.S. equity trading data for the period ended March 31st, 2008, and on the top 50 by dollar volume.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "Being recognized as a top broker in several categories that are so important to the investment performance of our clients is a great tribute to the knowledge and expertise of our sales traders and the advanced technologies used in our execution platform. Our commitment to providing best execution is the foundation of all of our client relationships, and the catalyst for our continued growth in the marketplace."
ConvergEx was named a Top 5 broker in execution quality for "medium trades - between 10,000 and 50,000 shares" and a Top 10 broker in "small trades - less than 10,000 shares." ConvergEx was also ranked in the Top 5 for "lowest execution cost" for both small and medium trades.
ITG Broker Edge is a transaction database of nearly 7 million trades ($3.3 trillion in volume) compiled from data contributed by Investment Technology Group, Inc.'s investment manager clients. The rankings are based on four quarters of U.S. equity trading data for the period ended March 31st, 2008, and on the top 50 by dollar volume.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "Being recognized as a top broker in several categories that are so important to the investment performance of our clients is a great tribute to the knowledge and expertise of our sales traders and the advanced technologies used in our execution platform. Our commitment to providing best execution is the foundation of all of our client relationships, and the catalyst for our continued growth in the marketplace."
Friday, 19 September 2008
Trading Headlines
Hyundai Selects Teradata
Teradata Corporation (NYSE: TDC), the world’s largest company solely focused on data warehousing and enterprise analytics, today announced that Hyundai Securities has selected Teradata to provide a data warehouse, which will include Teradata 12 Database and the Teradata Active Enterprise Data Warehouse 5550. Hyundai Securities first adopted Teradata’s customer relationship management and data warehousing technology in 1999. With the acquisition of the Teradata 12 Database and the Teradata
Forbis Completes Forpost Implementation
The specialists of the Forbis company have performed integration of FORPOST*Customer Notification System and FORPOST*Remote Messaging Service module, thus opening new possibilities for more qualitative automated intercommunication of banks with their customers and ensuring even more reliability.The mentioned integration enables to use SMS or e-mail as a channel for the management of changes in contracts, accounts, and important information related to customers.
Temenos Global Partners Appointment
Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced the appointment of Mike Head as Global Partners Director.In this role, Head will be responsible for developing and driving Temenos' global partners program to increase the company's reach and capacity to make available and implement TEMENOS T24 (T24) and TEMENOS COREBANKING (TCB).
Calypso Integrates Copp Clark Calendar
Calypso Technology Inc, a global application software provider of an integrated trading application suite to the capital markets industry, today announced that it has integrated Copp Clark Calendar data definitions with its Calypso Fast-Track, a pre-configured application environment designed to expedite deployment of Calypso's trading, risk and operations application.
Quadriserv Investors
Quadriserv, Inc. today announced the addition of Susquehanna Private Equity Investments, LLLP, an affiliate of Susquehanna International Group, LLP, and Round Table Partners to its investor ranks. These investing partners join existing institutional investors Bessemer Venture Partners, Merrill Lynch and Renaissance Technologies, LLC to fund the ongoing development and commercialization of Quadriserv’s innovative securities lending platform.
BNY ConvergEx Eze Castle Expands in London
BNY ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, today announced that Eze Castle Software has relocated its London office to a new and larger facility due to growth in its existing client base and increased adoption of its award-winning order management system, Eze OMS, in the UK and Europe.,,
Teradata Corporation (NYSE: TDC), the world’s largest company solely focused on data warehousing and enterprise analytics, today announced that Hyundai Securities has selected Teradata to provide a data warehouse, which will include Teradata 12 Database and the Teradata Active Enterprise Data Warehouse 5550. Hyundai Securities first adopted Teradata’s customer relationship management and data warehousing technology in 1999. With the acquisition of the Teradata 12 Database and the Teradata
Forbis Completes Forpost Implementation
The specialists of the Forbis company have performed integration of FORPOST*Customer Notification System and FORPOST*Remote Messaging Service module, thus opening new possibilities for more qualitative automated intercommunication of banks with their customers and ensuring even more reliability.The mentioned integration enables to use SMS or e-mail as a channel for the management of changes in contracts, accounts, and important information related to customers.
Temenos Global Partners Appointment
Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced the appointment of Mike Head as Global Partners Director.In this role, Head will be responsible for developing and driving Temenos' global partners program to increase the company's reach and capacity to make available and implement TEMENOS T24 (T24) and TEMENOS COREBANKING (TCB).
Calypso Integrates Copp Clark Calendar
Calypso Technology Inc, a global application software provider of an integrated trading application suite to the capital markets industry, today announced that it has integrated Copp Clark Calendar data definitions with its Calypso Fast-Track, a pre-configured application environment designed to expedite deployment of Calypso's trading, risk and operations application.
Quadriserv Investors
Quadriserv, Inc. today announced the addition of Susquehanna Private Equity Investments, LLLP, an affiliate of Susquehanna International Group, LLP, and Round Table Partners to its investor ranks. These investing partners join existing institutional investors Bessemer Venture Partners, Merrill Lynch and Renaissance Technologies, LLC to fund the ongoing development and commercialization of Quadriserv’s innovative securities lending platform.
BNY ConvergEx Eze Castle Expands in London
BNY ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, today announced that Eze Castle Software has relocated its London office to a new and larger facility due to growth in its existing client base and increased adoption of its award-winning order management system, Eze OMS, in the UK and Europe.,,
Thursday, 11 September 2008
New Trading Terms
ASG Software Solutions
rovider of integrated solutions for enterprise archiving and records management
Bank of New York Mellon
global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $12 trillion in outstanding debt.
BCG
Boston Consulting Group
BNY ConverEx Group
provides global institutional agency brokerage and investment technology solutions to institutional clients worldwide.
Boston Consulting Grou
Global management consulting firm and advisor on business strategy. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization.
CapitalSource
Commercial lender offering focused lending products serving clients in the middle market
Highline Financial
Provider of web-based banking data and software
OIC
Optionss Industry Council
Options Industry Council
An industry cooperative funded by the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NASDAQ Options Market, NASDAQ OMX PHLX, NYSE Arca, and The Options Clearing Corporation.
Radar Logic
A real estate data and analytics company, calculates and publishes the Radar Logic Daily™ Prices. The prices track housing values for major U.S. metropolitan areas and are the basis of the Residential Property Index™ (RPX™), a market that enables real estate to be traded as a liquid asset, via property derivatives marketed by major financial institutions.
Satyam Computer Services
Consulting and information technology services .
rovider of integrated solutions for enterprise archiving and records management
Bank of New York Mellon
global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $12 trillion in outstanding debt.
BCG
Boston Consulting Group
BNY ConverEx Group
provides global institutional agency brokerage and investment technology solutions to institutional clients worldwide.
Boston Consulting Grou
Global management consulting firm and advisor on business strategy. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization.
CapitalSource
Commercial lender offering focused lending products serving clients in the middle market
Highline Financial
Provider of web-based banking data and software
OIC
Optionss Industry Council
Options Industry Council
An industry cooperative funded by the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NASDAQ Options Market, NASDAQ OMX PHLX, NYSE Arca, and The Options Clearing Corporation.
Radar Logic
A real estate data and analytics company, calculates and publishes the Radar Logic Daily™ Prices. The prices track housing values for major U.S. metropolitan areas and are the basis of the Residential Property Index™ (RPX™), a market that enables real estate to be traded as a liquid asset, via property derivatives marketed by major financial institutions.
Satyam Computer Services
Consulting and information technology services .
Friday, 5 September 2008
BNY ConverEx Group Alliance with Thomson Reuters
BNY ConvergEx Group, LLC, has entered into a strategic alliance with Thomson Reuters,to provide Thomson Reuters clients access to ConvergEx's execution and liquidity management capabilities. As part of the agreement, Thomson Reuters will become a preferred market data provider for ConvergEx clients, and ConvergEx will become a preferred broker for Thomson Reuters clients.
As a leading global agency brokerage, ConvergEx delivers multi-asset class strategies and tools for world-class execution on every major exchange, seamless connectivity to global markets, and anonymous sourcing of deep liquidity. The ConvergEx liquidity and execution management offering includes the VortEx(SM) dark liquidity pool; ConvergEx Cross(SM), a sophisticated block crossing engine; a complete set of performance-enhancing global algorithms; TactEx, which is a comprehensive suite of advanced DMA order types for accessing both displayed and non-displayed liquidity in the US; and Perform-Ex(SM), a web-based transaction cost analysis platform. The alliance will also allow Thomson Reuters clients to draw on ConvergEx's market-leading commission management and research solutions to help them get maximum value from their commission spend.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "Thomson Reuters is a recognized leader in providing world-class financial information products to the institutional investor community and we are very excited about the many significant benefits that this partnership is going to bring to our clients."
"Thomson Reuters delivers to customers unparalleled industry expertise, combined with innovative technology -- this is our focus," said Chris Perry, President, Thomson Reuters Americas Markets Division. "ConvergEx, with its leading trading technology solutions, substantially extends our ability to further deliver value to clients through content, analytics and market liquidity solutions."
As a leading global agency brokerage, ConvergEx delivers multi-asset class strategies and tools for world-class execution on every major exchange, seamless connectivity to global markets, and anonymous sourcing of deep liquidity. The ConvergEx liquidity and execution management offering includes the VortEx(SM) dark liquidity pool; ConvergEx Cross(SM), a sophisticated block crossing engine; a complete set of performance-enhancing global algorithms; TactEx, which is a comprehensive suite of advanced DMA order types for accessing both displayed and non-displayed liquidity in the US; and Perform-Ex(SM), a web-based transaction cost analysis platform. The alliance will also allow Thomson Reuters clients to draw on ConvergEx's market-leading commission management and research solutions to help them get maximum value from their commission spend.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "Thomson Reuters is a recognized leader in providing world-class financial information products to the institutional investor community and we are very excited about the many significant benefits that this partnership is going to bring to our clients."
"Thomson Reuters delivers to customers unparalleled industry expertise, combined with innovative technology -- this is our focus," said Chris Perry, President, Thomson Reuters Americas Markets Division. "ConvergEx, with its leading trading technology solutions, substantially extends our ability to further deliver value to clients through content, analytics and market liquidity solutions."
Friday, 4 April 2008
BNY ConvergEx Group Asian Appointment
BNY ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, today announced the appointment of Luis Camacho as Head of ConvergEx Global Markets Asia. He will be based in Hong Kong and report to Anthony Blumberg in New York. ConvergEx Global Markets specializes in global agency trading in over 94 markets worldwide, including global portfolio trading, single stock and block-trading, portfolio rebalancing, foreign exchange and liquidations.
Mr. Camacho, previously a Senior Vice President for ConvergEx Global Markets in New York, will now manage all aspects of that business in the Asia Pacific region, which includes overseeing all sales and trading, client development, and trading technology infrastructure. Prior to joining BNY ConvergEx Group, Mr. Camacho held a number of senior trading positions at JP Morgan, Credit Agricole, and Societe Generale.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "Ensuring the continued strength of our global trading capabilities is essential to meeting the investment needs of our clients. We are extremely pleased to have a person of Luis's caliber take on a leadership role in a business and region that is central to the ConvergEx franchise."
"Luis brings an abundance of international trading expertise and a wealth of relationships in the local and global institutional investment community to his new role as head of ConvergEx Global Markets Asia," commented Anthony Blumberg, Chief Executive Officer of ConvergEx Global Markets. "I am confident that our clients in Asia and throughout the world will benefit significantly from this appointment."
In addition to appointing a new head of ConvergEx Global Markets Asia, ConvergEx also recently enhanced its client servicing capabilities in Japan through the hire of Yasuo Kitagawa as Head of Japan Product Sales for BNY Global Transition Management. Mr. Kitagawa is responsible for business development in Japan for the pension fund, insurance and asset management sectors, working with clients to develop and implement cost efficient transition management strategies.
Mr. Camacho, previously a Senior Vice President for ConvergEx Global Markets in New York, will now manage all aspects of that business in the Asia Pacific region, which includes overseeing all sales and trading, client development, and trading technology infrastructure. Prior to joining BNY ConvergEx Group, Mr. Camacho held a number of senior trading positions at JP Morgan, Credit Agricole, and Societe Generale.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "Ensuring the continued strength of our global trading capabilities is essential to meeting the investment needs of our clients. We are extremely pleased to have a person of Luis's caliber take on a leadership role in a business and region that is central to the ConvergEx franchise."
"Luis brings an abundance of international trading expertise and a wealth of relationships in the local and global institutional investment community to his new role as head of ConvergEx Global Markets Asia," commented Anthony Blumberg, Chief Executive Officer of ConvergEx Global Markets. "I am confident that our clients in Asia and throughout the world will benefit significantly from this appointment."
In addition to appointing a new head of ConvergEx Global Markets Asia, ConvergEx also recently enhanced its client servicing capabilities in Japan through the hire of Yasuo Kitagawa as Head of Japan Product Sales for BNY Global Transition Management. Mr. Kitagawa is responsible for business development in Japan for the pension fund, insurance and asset management sectors, working with clients to develop and implement cost efficient transition management strategies.
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