ConvergEx Prime Services to Offer Clients PerformEx(SM) Real-Time TCA
NEW YORK, June 26, 2013 /PRNewswire/ -- ConvergEx Group, a leading provider of global brokerage and trading-related services, today announced that its Prime Services customers will soon be able to receive real-time, intra-day transaction cost analysis (TCA) from PerformEx(SM), its groundbreaking TCA product.
PerformEx gives customers dozens of advanced tools to view and analyze virtually every aspect of a trade's life cycle as it happens. With an extensive array of customizable analytics, ConvergEx believes PerformEx offers as many order details as a trader could ever want or need in today's market environment – all in real time.
"Highly detailed, real-time trading information will give our customers a critical edge in today's ever-changing and fast moving markets," said Douglas M. Nelson, chief executive officer of ConvergEx Prime Services. "Understanding exactly where orders are routed and how successfully each order is being filled will let our customers make real-time adjustments that may have a dramatic impact on execution performance."
ConvergEx Prime Services is an industry‐leading provider of integrated prime services to Hedge Funds, Family Offices, Mutual Funds and Registered Investment Advisors. It offers advanced technology, global execution and reporting tools provided by multiple prime custody options through Goldman Sachs Execution and Clearing, L.P., J.P. Morgan Clearing Corp and Pershing LLC. Its customers are exposed to a broad base of long‐standing customer relationships with an experienced team providing high quality service and unique advantages in the marketplace.
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 a presence in 17 key locations worldwide, 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, LLC