NEW YORK, Nov. 7, 2012 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that it has received two prestigious awards at the 2012 Buy-Side Technology Awards. ConvergEx's order management system, the Eze OMS™, was named Best Buy-Side OMS for the second consecutive year, and AbraxasSM, ConvergEx's advanced tactical trading algorithm, was named Best Buy-Side Algorithmic Product.
The 6th annual Buy-Side Technology Awards recognize leading technologies and vendors, chosen by the input and experience of seven judges - five buy-side-focused technology consultants and two of Buy-Side Technology's editors.
"We are incredibly proud of our cutting-edge technologies and honored to receive these awards. Our dedication to constant innovation and full partnership with our customers continues to be critical to success – both theirs and ours," said Joseph M. Velli, chairman and chief executive officer of ConvergEx Group. "We would like to thank our staff for their unwavering commitment to building best-of-breed products and for their tireless service to our customers."
The award‐winning Eze OMS leverages a real‐time open architecture to streamline the investment cycle for all asset classes – from idea generation through settlement. The Eze OMS provides functionality to support portfolio management, compliance, trading and operations in a single platform.
The Abraxas algorithm was designed for orders requiring particularly careful execution. Using a proprietary Multi‐Dimensional Sensitivity Profile, Abraxas exploits hidden liquidity, favorable price movements and volatility changes, while nimbly navigating difficult markets. Developed by the financial engineers of ConvergEx, Abraxas was built using the combined power of the firm's technological expertise, coupled with its vast global marketplace knowledge.
About ConvergEx Group
ConvergEx Group is a leading technology company providing mission-critical proprietary software products and technology-enabled services to asset managers and financial intermediaries globally. Its products and services span the investment life cycle and are designed to enable customers to achieve improved results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves more than 4,000 customers accessing over 100 global markets. Formed in 2006, the firm has over 1,250 employees located in 23 cities throughout the Americas, Europe, Middle East, Africa and Asia-Pacific.
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); Eze Castle Transaction Services LLC (member FINRA/SIPC); ConvergEx Prime Services LLC (member FINRA/SIPC); Eze Castle Software LLC; RealTick LLC; ConvergEx Solutions LLC, of which Cogent Consulting, ConnEx, Jaywalk and LDB are divisions; ConvergEx Limited in the UK and Australia; and ConvergEx Asia Pacific Limited in Hong Kong. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC. Additional information is available at www.convergex.com.
Contact: Elizabeth Anderson
SOURCE ConvergEx Group