NEW YORK, Dec. 14, 2015 /PRNewswire/ -- Convergex, an agency-focused global brokerage and trading related services provider, is pleased to announce that its innovative ETF Direct platform won the American Financial Technology Award (AFTA) for "Best OTC Trading Initiative." Hosted by Waters magazine and WatersTechnology.com, the AFTAs recognize excellence in the deployment and management of financial technology within the asset management and investment banking communities.
"We are thrilled that Convergex's ETF Direct platform is receiving industry accolades because we created this platform to meet the needs of our clients and key market participants," said Eric W. Noll, Convergex President and CEO. "Currently in beta testing and performing well, ETF Direct will provide access to an aggregated and competitive ETF market with the added benefit of a comprehensive audit trail highlighting transparency, liquidity and best execution results," said Noll.
ETF Direct, which will be launched in the first quarter of 2016, is a new ETF quote-sourcing platform that streamlines the process for accessing quotes from multiple liquidity providers. Key functionality for the new platform will include:
About Convergex
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.
IMPORTANT INFORMATION
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 Services is a division; Westminster Research Associates LLC (member FINRA/SIPC); and Convergex Solutions LLC, of which Connex, 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.
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, other than as a selling group member.
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. 4/1/15)
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Lynda Caravello |
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SOURCE Convergex
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