ConvergEx Group's LiquidPoint Launches iRBM™ and iRBH™

New Intraday, Real-Time Risk-Based Portfolio Margining and Risk-Based Haircut Tools

Jun 05, 2013, 10:21 ET from ConvergEx Group

New York, June 5, 2013 /PRNewswire/ -- ConvergEx Group, a leading provider of global brokerage and trading-related services, today announced that LiquidPoint has launched iRBM™ to provide real-time TIMS based portfolio margin estimates and iRBH™ to provide real-time TIMS haircut estimates.  The new tools offer more effective intraday capital management and help customers bolster their ability to meet minute-by-minute capital monitoring requirements.  

iRBM and iRBH are powered by LDB and built on top of the low latency LiquidPoint BLAZE .net architecture. They allow customers to calculate intraday margin and haircut estimates based on current prices, intraday positions and real-time volatilities.  This application service architecture ensures that existing LDB users have a seamless experience in running intraday valuations.

"Market movements, volatility swings and positions changes can alter risk profiles significantly," said Anthony Saliba, chief executive officer of ConvergEx's LiquidPoint.  "By offering intraday calculations, we are empowering risk managers to identify those positions when it matters most – when it happens."

ConvergEx's LiquidPoint offers flexible, customizable and comprehensive solutions, specifically designed to meet the diverse needs of institutional options traders.

LDB develops software that assists financial accounting and regulatory reporting staff within the securities industry to calculate and optimize capital charges, including security haircuts and margins, both portfolio margin and FINRA Rule 4210 option margin requirements.

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 17 key locations worldwide, 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 and Australia. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC.  Additional information is available at


Elizabeth Anderson


SOURCE ConvergEx Group