ConvergEx's PerformEx(SM) Wins Performance Measurement Award for Its Transparency and TCA Capabilities: Waters Rankings 2014
NEW YORK, Aug. 18, 2014 /PRNewswire/ -- ConvergEx Group, a leading provider of global brokerage and trading-related services, today announced that the firm was awarded "Best Performance Measurement and Attribution System Provider" for PerformExSM, its premier transaction cost analysis (TCA) and transparency tool, in WatersTechnology's 2014 Waters Rankings. Based upon votes by WatersTechnology readers, the awards annually recognize excellence in the application of information technology in capital markets.
PerformEx is a global, real-time analytics dashboard that tracks trade/cost forecasts and performance against an extensive universe of benchmarks, allowing customers to view and analyze every aspect of a trade's life cycle as it happens.
"When it comes to TCA functionality, PerformEx has few peers," Waters magazine said in issuing the award. "[PerformEx offers] traders a range of views of their orders, including details by multiple destination routes; shares sent, filled and unfilled by route; the percentage of orders sent to each route; executions at each price point in the market; and heat maps of every child order—all in real time."
"It's especially great to be recognized for PerformEx, as its design underscores ConvergEx's commitment to exceptional execution quality and provides customers with the data navigational tools critical to identifying market opportunities," said William Capuzzi, ConvergEx Group managing director. "Real‐time trading transparency is key to driving trading performance. Understanding exactly where orders are routed and how successfully each order is being filled allows for real‐time adjustments that can have a dramatic impact on execution performance."
With winners chosen exclusively by readers of WatersTechnology publications, the Waters Rankings recognize excellence in the deployment and management of financial technology within the asset management and investment banking communities.
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 several other key locations including London, Chicago, San Francisco, Boston and Atlanta, 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. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC. Additional information is available at www.convergex.com.
SOURCE ConvergEx Group