NEW YORK, Aug. 7, 2013 /PRNewswire/ -- ConvergEx Group, a leading provider of global brokerage and trading-related services, today announced that LiquidPoint, its options technology business, has launched a new market data service that makes Complex Order Book data from all seven applicable options exchanges available through a single LiquidPoint API.
Subscribers are now able to consume this universal Complex Order Book (uCOB) feed at significantly less cost than acquiring market data subscriptions directly from each options exchange, thereby eliminating the burden and cost of acquiring, operating and maintaining each of those data feeds. The uCOB data feed is in addition to the Level-1 equity and OPRA data that LiquidPoint already offers.
"While we have always offered uCOB through BLAZE®, our options execution management system, we understand that some clients also need a cost-effective and scalable solution to power their own proprietary applications," said Anthony Saliba, chief executive officer of ConvergEx's LiquidPoint.
With this new offering, clients are able to apply custom filters to identify trading opportunities, evaluate the marketability of their orders and provide more intelligent spread order routing capabilities. They are also able to better source liquidity and measure execution quality.
"We continue to make investments in our options technologies and expand our market data services. And as more exchanges offer COB data, our clients can rest assured that we will always keep them ahead of the curve as the marketplace evolves," concluded Mr. Saliba.
ConvergEx's LiquidPoint offers flexible, customizable and comprehensive solutions, specifically designed to meet the diverse needs of institutional options traders.
About ConvergEx Group
ConvergEx Group is a leading provider of global brokerage and trading-related services for institutional investors and financial intermediaries. ConvergEx combines client-first service with innovative products, sophisticated strategies and proprietary technology to meet the challenges of increasingly dynamic and fast-paced markets. Headquartered in New York with 15 key locations, the company serves more than 3,000 clients accessing over 100 global market centers.
ConvergEx Group includes ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC); LiquidPoint, LLC (member CBOE/SIPC); G-Trade Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); ConvergEx Prime Services LLC (member FINRA/SIPC); ConvergEx Solutions LLC, of which ConnEx, Jaywalk and LDB are divisions; and ConvergEx Limited in the UK and Australia. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC. Additional information is available at www.convergex.com.
Contact: Elizabeth Anderson
SOURCE ConvergEx Group