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."
Showing posts with label liquidity. Show all posts
Showing posts with label liquidity. Show all posts
Friday, 5 September 2008
Wednesday, 3 September 2008
Financial Objects in e-Portals
Financial Objects, announced a partnership with e-portals Ltd., a company focused on delivering innovative web-based treasury services. This alliance will see Financial Objects integrate e-portals' technology into its Banking solutions, enabling clients to better monitor and manage risk.
As part of the collaboration, Financial Objects will enhance its banking software to include e-portal Ltd's "Exposure Alert" product; a real-time, exposure-tracking desktop suite that alerts users to anomalies during operations. The product consolidates the available data within a financial institution and applies external market data to derive key risk and exposure indicators. The user can then set personal parameters for alerts that they wish to be notified of, including gaps, liquidity, FX positions, hedge positions and VaR.
"A lack of operational transparency has contributed to many of today's high profile corporate failings," says David Carruthers, group technology director at Financial Objects. "The combination of these products means that our clients can be the first to find out about any operational transactions that require attention."
Hal Hovland, CEO at e-portals Ltd., and the key architect of Exposure Alerts believes that technology can be exploited to reflect the working practices of today's senior management. "The product optimises the new wave of Microsoft technologies; designed to use Silverlight and Windows Sidebar® on Vista, or a proprietary program in XP. The product displays risks and exposures graphically, and allows drilldown for more detailed information. It is a perfect solution for today's busy executives."
Users in transit can also be alerted via SMS or to their Blackberry. The product is available to new and existing Financial Objects clients of ibis, ibis s2, activebank and Treasury via a simple interface to the alerting software.
As part of the collaboration, Financial Objects will enhance its banking software to include e-portal Ltd's "Exposure Alert" product; a real-time, exposure-tracking desktop suite that alerts users to anomalies during operations. The product consolidates the available data within a financial institution and applies external market data to derive key risk and exposure indicators. The user can then set personal parameters for alerts that they wish to be notified of, including gaps, liquidity, FX positions, hedge positions and VaR.
"A lack of operational transparency has contributed to many of today's high profile corporate failings," says David Carruthers, group technology director at Financial Objects. "The combination of these products means that our clients can be the first to find out about any operational transactions that require attention."
Hal Hovland, CEO at e-portals Ltd., and the key architect of Exposure Alerts believes that technology can be exploited to reflect the working practices of today's senior management. "The product optimises the new wave of Microsoft technologies; designed to use Silverlight and Windows Sidebar® on Vista, or a proprietary program in XP. The product displays risks and exposures graphically, and allows drilldown for more detailed information. It is a perfect solution for today's busy executives."
Users in transit can also be alerted via SMS or to their Blackberry. The product is available to new and existing Financial Objects clients of ibis, ibis s2, activebank and Treasury via a simple interface to the alerting software.
Saturday, 29 March 2008
LiquidityHub Ceases Trading
LiquidityHub Limited, established by a group of leading banks to aggregate liquidity and market data in support of electronic trading in the fixed income markets, today announced that it will cease electronic trading operations from close of business today.
The decision has been taken due to recent market conditions which have called into question the current scalability of the LiquidityHub model. Strategic options for the future of the Company are being evaluated.
The decision has been taken due to recent market conditions which have called into question the current scalability of the LiquidityHub model. Strategic options for the future of the Company are being evaluated.
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