NEW YORK, Oct. 24, 2016 /PRNewswire/ -- Convergex, an agency-focused global brokerage and trading related services provider, is pleased to announce that it has entered into an agreement granting it an exclusive license to The OptionEyes, a front-end technology platform that helps active traders manage and trade positions in an options or equity portfolio.
The OptionEyes uses enhanced OMS technology and provides clients with flexibility in how they trade, view, and manage risk in their equity and options portfolios. Additional functionality of The OptionEyes platform includes:
- Scanners to allow traders to pre-set or create strategies that will trade automatically or send an alert when opportunities appear in the marketplace;
- Simple "click-through" work flow process for generating complex and single-leg orders;
- An enhanced volatility management infrastructure.
"Convergex is excited to offer a new set of functionality and technology to our clients," said Ben Londergan, Convergex Executive Managing Director of Options Trading and Technology. "This new software will allow Convergex to add value to both active retail and institutional clients as well as other market participants responsible for managing large portfolios of positions and who want to employ a more streamlined approach to their trading and risk management," said Londergan.
Members of the development team who created The OptionEyes will join Convergex's options team and Convergex anticipates the platform will be fully integrated by January 2017.
Convergex is an agency-focused global brokerage and trading related services provider that takes on the industry's toughest challenges, from complicated trades to complex businesses. With clients' interests as the top priority, Convergex delivers comprehensive solutions that span global high-touch and electronic trading, options technologies, prime brokerage, clearing, commission management and beyond. Headquartered in New York with a presence in several other locations including Atlanta, Boston, Chicago, Orlando, San Francisco and London, the company serves nearly 3,000 clients accessing over 100 global market centers.
Convergex is an agency-focused global brokerage and trading related services provider. In the U.S., Convergex offers products and services through Convergex Execution Solutions LLC (member NYSE/FINRA/NFA/SIPC), of which Convergex Prime Service and Options Trading and Technology are divisions; Westminster Research Associates LLC (member FINRA/SIPC); and Convergex Solutions LLC, of which Jaywalk and LDB are divisions. In London, Convergex operates through Convergex Limited, which is incorporated in England and Wales (registered with company number 06262150). Convergex Limited is authorized and regulated by the Financial Conduct Authority (FCA) of the United Kingdom. Westminster Research Associates LLC is regulated in the United States by the U.S. Securities and Exchange Commission. Westminster provides services in Australia pursuant to an exemption from the requirement to hold an Australian financial services license under the Corporations Act 2001 (ASIC Class Order [CO 03/1100]).
Convergex provides brokerage services primarily on an agency basis, but may operate in a riskless principal and/or net trading capacity and in connection with certain ETF or ADR transactions, may act as principal or engage in hedging strategies. Convergex does not engage in market making or investment banking activities.
The material, data and information (collectively "Convergex Information") that is available from Convergex is intended for institutional investor use only; is for informational purposes only; is subject to change at any time; is not intended to provide tax, legal or investment advice; and does not constitute a solicitation or offer to purchase or sell securities. Convergex Information is believed to be reliable, but Convergex does not warrant its completeness or accuracy and Convergex assumes no duty to update such information. Clients should read their account agreement(s) and documentation with Convergex carefully as those documents contain important information and disclosures about the products or services covered thereby. Convergex is not responsible for third-party information or services, including market data from the exchanges. (Rev. 03/30/2016)
© 2016 Convergex Group, LLC. All Rights Reserved.
Contact: Lynda Caravello
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