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."
Showing posts with label broker. Show all posts
Showing posts with label broker. Show all posts
Monday, 3 November 2008
Sunday, 2 November 2008
TABB Group
TABB Group is a financial markets' research and strategic advisory firm focused exclusively on capital markets. Founded in 2003 and based on the methodology of "first-person knowledge," TABB Group analyzes and quantifies the investing value chain from the fiduciary, investment manager, broker, exchange and custodian.
Wednesday, 3 September 2008
GFI Group
GFI Group Inc. (http://www.gfigroup.com/) is a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI Group Inc. provides brokerage services, market data, trading platform and analytics software products to institutional clients in markets for a range of credit, financial, equity and commodity instruments.
TwoFour Live with New Clien
TwoFour, announced the world’s leading global broker of exchange-listed futures and options, is live with TwoFour. The client licensed TwoFour for its London Treasury business and complete front to back processing across asset classes including foreign exchange, money market, cash management, exchange traded futures and options, OTC options, fixed income and interest rate swaps. Individuals from both firms worked collectively to enhance TwoFour’s product coverage to include interest rate swaps, fixed income, and internal arbitrage, and ended up with an outstanding product that meets the broker’s business requirements while providing the flexibility and scalability they require. The enhancement project leveraged TwoFour’s architecture and Software Development Life Cycle methodology with integrated automated testing and validates TwoFour’s ability to quickly and efficiently help organizations migrate onto their solution.
TwoFour provides a distinct advantage over their previous supplier by leveraging current technology that is designed to evolve as technologies evolve. TwoFour’s flexibility made it easy to quickly configure the application to meet the broker’s specific business needs. Once their required development was complete, the new solution was implemented in just a few months. Activities from the broker’s many businesses are fed into TwoFour in real-time allowing the broker to effectively manage its business as well as its clients’ business. TwoFour provides the broker’s front office with enhanced real-time position and profit and loss information for currency and interest rate exposures to facilitate better decisions in today’s fast moving markets. TwoFour’s integrated workflow and interface tools streamline the back office processing.
TwoFour provides a distinct advantage over their previous supplier by leveraging current technology that is designed to evolve as technologies evolve. TwoFour’s flexibility made it easy to quickly configure the application to meet the broker’s specific business needs. Once their required development was complete, the new solution was implemented in just a few months. Activities from the broker’s many businesses are fed into TwoFour in real-time allowing the broker to effectively manage its business as well as its clients’ business. TwoFour provides the broker’s front office with enhanced real-time position and profit and loss information for currency and interest rate exposures to facilitate better decisions in today’s fast moving markets. TwoFour’s integrated workflow and interface tools streamline the back office processing.
Friday, 28 March 2008
ICAP Opens Indian Platform
ICAP (IAP.L), an international interdealer broker, announced today the launch of an electronic bond platform to service wholesale market participants in the Indian corporate debt sector. The platform was officially opened by Indian Finance Minister P Chidambaram at a ceremony in Mumbai.
ICAP gained approval for an electronic broking system from the Securities Exchange Board of India in November 2007 and has since moved quickly to deliver a solution to the market.
Manish Sabharwal, CEO of ICAP India, said: “We are delighted to be in a position to extend ICAP’s proven global technologies to India’s corporate debt market participants and believe this will prove a major catalyst towards the SEBI’s goal of increasing liquidity and efficiencies in the burgeoning marketplace.”
Finance Minister P Chidambaram’s recent Union Budget highlighted measures important to the development of a robust domestic corporate bond market. These measures will enhance investment, benefit Indian companies, and improve the availability of finances for infrastructure development.
Commenting on the launch, Don McClumpha, Deputy CEO of ICAP Asia-Pacific, said: “The Indian markets are a key focus for our expansion across the region. ICAP will continue to invest and deliver the world’s leading technologies to OTC market participants to increase liquidity and further facilitate innovation.”
The market is expecting further reforms aimed at streamlining issuance procedures and boosting liquidity such as the borrowing/lending of securities. ICAP has successfully combined voice and electronic services in securities markets to enhance price discovery and trade opportunity for market participants and has built a strong position in repo markets globally.
ICAP gained approval for an electronic broking system from the Securities Exchange Board of India in November 2007 and has since moved quickly to deliver a solution to the market.
Manish Sabharwal, CEO of ICAP India, said: “We are delighted to be in a position to extend ICAP’s proven global technologies to India’s corporate debt market participants and believe this will prove a major catalyst towards the SEBI’s goal of increasing liquidity and efficiencies in the burgeoning marketplace.”
Finance Minister P Chidambaram’s recent Union Budget highlighted measures important to the development of a robust domestic corporate bond market. These measures will enhance investment, benefit Indian companies, and improve the availability of finances for infrastructure development.
Commenting on the launch, Don McClumpha, Deputy CEO of ICAP Asia-Pacific, said: “The Indian markets are a key focus for our expansion across the region. ICAP will continue to invest and deliver the world’s leading technologies to OTC market participants to increase liquidity and further facilitate innovation.”
The market is expecting further reforms aimed at streamlining issuance procedures and boosting liquidity such as the borrowing/lending of securities. ICAP has successfully combined voice and electronic services in securities markets to enhance price discovery and trade opportunity for market participants and has built a strong position in repo markets globally.
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