ConvergEx Group's Eze OMS™ Announces Record Results for 2011

NEW YORK, Jan. 25, 2012 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that its award-winning order management system, the Eze OMS™, continued its strong global growth throughout 2011. With a second consecutive year of record-breaking new sales, the Eze OMS broadened its global customer base across Europe, Asia, Australia and the U.S.  Demand for its robust compliance system also remained high, with the majority of new OMS customers electing to add on Eze Compliance. To keep pace with growing demand for the full Eze product suite, ConvergEx has continued to increased staff at Eze's offices around the world.

Some key accomplishments in 2011 include:

• Record 74 new sales, 20% of which were competitive replacements
• 30% increase in the number of third-party data interfaces
• 20% increase in the number of FIX connections
• Released several innovative products and functionality enhancements including Eze Data Management, Report Studio, Eze Mobile for iPad™ and the Eze TCA Framework
• Expanded support for fixed income and derivatives
• Significantly expanded the Eze Risk Framework
• Received several major awards including:
  • Best Buy-Side OMS from Buy-Side Technology
  • Best Trading System Provider from Hedge Funds Review
  • Best Provider of Risk and Compliance Management Solutions from Hedge Funds Review
  • Best Buy-Side Order Management System Provider from Waters Technology
  • Hedge Fund Technology Provider of the Year from International Custody & Fund Administration's America Service Provider Awards
  • Best Places To Work recognition from both The Boston Business Journal and The Boston Globe

"Our strategy for success has always been to maintain a high level of investment in our people and products as we continue to grow and diversify," said Tom Gavin, chief executive officer of ConvergEx's Eze Castle Software. "Our customers know that we are a technology partner - not just a vendor - and that we are committed to dedicating the resources needed to drive product innovation while still maintaining our high-touch customer service."

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.

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 customers accessing over 100 global markets.  Formed in 2006, the firm has over 1,200 employees in 22 locations throughout the U.S., Europe, Asia, Australia and Africa.

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.

SOURCE ConvergEx Group