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."

NYSE and SunGard

The NYSE, a subsidiary of NYSE Euronext (NYX), is providing market data, news and alerting capabilities for NYSE listed companies through its NYSE Market Access Center(SM) using data management solutions jointly developed with SunGard. NYSE's Market Access Center Alerts provide real-time access to trading information and news driving today's dynamic markets. The service uses SunGard's Fame real-time data feed, charting and reporting capabilities, news management system and a new complex alerting system to deliver results to issuers' wireless devices. SunGard also provided consulting services including project management, requirements analysis, and change management; integration expertise in terms of connectivity and ASP delivery, user acceptance testing and final launch.

Joseph Mecane, executive vice president of NYSE Euronext, said, "NYSE's market information tools are a key component of our value proposition to listed companies and this is a significant enhancement to our growing suite of services. We chose SunGard as our partner due to its experience and expertise which has helped us to launch NYSE Market Access Center Alerts. With Fame, we are able to deliver relevant, complex alerting to busy investor relations and chief financial officers with the flexibility to incorporate additional data sources in the future."

For NYSE, SunGard's Fame delivers results based on real-time pricing data from North American exchanges and news from Dow Jones Newswires to NYSE's issuers' desktops and wireless devices. Fame's new complex alerting capability goes beyond 'new news' and 'limit quote' alerts to provide customizable alarm triggers and delivery. It maps news to the movement of prices and volumes on securities and, as customized by the user, provides updates on stock rating changes, earnings announcements, merger and acquisition activity and companies added or removed from major indices. Fame's market data, news and alerting capabilities provided to NYSE are fully hosted by SunGard, helping NYSE reduce maintenance and support, ensure 24/7 availability, and meet time-to-market objectives on new offerings.

Developed using SunGard's Common Services Architecture (CSA)*, Fame can be deployed as an end-to-end data management solution or as individual components for real-time and time series market data, historical financial data management, desktop solutions, data delivery via HTML, XML or dynamic Java-based content, analytical modelling tools, and managed data services.
Janet Crowley, general manager of SunGard's Fame business unit, said, "SunGard's financial data solutions provide a solid foundation for NYSE's expanded service offerings and sustained leadership in market intelligence services. Through consolidated feeds and flexible delivery methods, SunGard helps NYSE to focus on enhancing the end-user experience by providing timely, unique and customized information, and actionable alerts based on a meaningful combination of market events."

Exchanges Jargon

American-Style Option
Option contract which can be excercised at any time between the purchase date and the expiration date. Most commonly exchange-traded option in the U.S.
CME
Formerly Chicago Mercantile Exchange. Largest derivatives exchange, built through mergers with CBOT and NYMEX.
2) Bilateral agreement between buyer and seller (parties) of a futures or options on futures transaction. Defined by the exchange.
Cox, Christopher
Chairman of the Securities and Exchange Commission. Confirmed in 2005.
Donaldson, William
Former chairman of the Securities and Exchange Commission
ETF
Exchange-Traded Fund
Floor Broker
Licensed member of an Exchange, who is paid a fee for executing orders for Clearing Members or their customers.
Floor Trader
Also known as a "local". Exchange member who only trades for his own account.
FTSE All-Share
Index covering all the shares irrespective of size on the main London Stock Exchange
Futures
All contracts covering purchase and sale of financial instruments or physical commodities for future delivery on a commodity futures exchange.
Futures Commission Agent
Engages in soliciting or accepting handling orders for the purchase or sale of futures contracts , subject to the rules of a futures exchange and, who, in connection with solicitation or acceptance or orders, accepts any money or securities to margin any resulting trades or contracts. Can be a firm or person.
FXall
Foreign exchange platform
Hang Seng
Benchmark index of the Hong Kong Stock Exchange
Kopsi
Benchmark index of the Seoul Stock Exchange
Nikkei 225
Benchmark index of the Tokyo Stock Exchange
NYSE
New York Stock Exchange
NYSE Euronext
Parent company of exchanges including New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms.
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.
SEC
Securities and Exchange Commission.
TietoEnator and SEB Enskilda
SEB Enskilda has selected TietoEnator’s capital market solution ProBroker to manage the company’s trading operation at the Oslo Stock Exchange. SEB Enskilda is the largest broker dealer at the Oslo Stock Exchange in terms of number of transactions as well as volumes. The implementation project has been running since vinter 2008 and 1st September SEB Enskilda went sucessfully into production with their new trading clearing and settlement solution.
TOCOM
Tokyo Commodity Exchange
TSE
Tokyo Stock Exchange
TTT Moneycorp Real-time Messaging
SMA Financial, SWIFT Regional partner for UK, Eire and Channel Islands today announced that TTT Moneycorp (Moneycorp), the leading international foreign exchange and payments specialist, has moved to real-time message processing over the SWIFT network using MQ Series.To cope with rapidly expanding business volumes and to automate its payment, banking and treasury services, Moneycorp initially implemented the SMA Bureau Service to send payment messages over the secure SWIFT network.

NYSE Euronext (NYX) operates the world's leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. As the world's largest exchange group by number of listings and market capitalization, NYSE Euronext is home to over 6,400 listed issues representing a combined $26.7 / euro 17.1 trillion (as of June 30, 2008) in total global market capitalization, more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately $157.0 /euro 102.7 billion (as of June 30, 2008), which represents more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information and free real-time stock prices for all NYSE-listed securities, please visit www.nyx.com.