NEW YORK, Jan. 17, 2013 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that RealTick®, its award-winning provider of global, cross-asset class, multi-broker trading, data and risk solutions, has expanded its service offerings in Canada to provide cross-asset class coverage via an extensive, global broker network with broad access to exchanges and other liquidity venues.
RealTick experienced rapid growth in 2012, nearly doubling the number of broker-dealers accessible through its network, while working closely with customers to continuously improve the software platform. Pressures from the economy and new regulatory requirements have driven the buy-side to demand more consolidated, centralized trade management workflows, which RealTick provides through a single, comprehensive platform, whether trading individual stocks, complex spreads, or routing orders to a sophisticated algorithmic trading engine.
"RealTick is active in our efforts to develop opportunities for strategic growth in the Canadian market," said Ken Byrne, managing director, global head of Sales and business development for ConvergEx's RealTick. "We are always seeking ways to enhance our relationships with our Canadian customers and partners, scale our infrastructure to exceed the demands of the marketplace, and to discover new opportunities to help our customers grow their businesses."
RealTick is a consolidated electronic trading platform that provides the following advanced features of particular benefit to Canadian clients:
- Direct Market Access to the Toronto Stock Exchange (TSX), Montreal Exchange, and Chi-X
- Smart Order Routing access via TSX and Chi-X
- Active routing preference settings via Smart Order Router for TSX, Chi-X, and broker routes.
- Support for Canadian dark orders
- Crossing-orders capability through TSX and Chi-X
- Canada-specific order forms
- Toronto-based routing engine
- TSX/TSX Venture equities market data
- Alpha, Chi-X, Omega, TSX Select, and CNSX Pure market data feeds for ATS/ATS Venture equities
- TMX futures, futures options, and equity options market data feeds
RealTick's multi‐broker network provides customers with world‐wide access to more than 2,000 competitive trading strategies across asset classes. The continued growth of RealTick's broker‐dealer community means greater opportunities for customers to reach diverse liquidity sources.
For a list of broker-dealers on the RealTick Broker Network please visit RealTick.com.
RealTick's ease of use, unsurpassed flexibility, world‐class client service, and fully‐configurable and intuitively integrated EMS software earned the company the 2011 Best Provider of Execution Management Systems (EMS) from Waters Technology and Buy‐Side Technology's 2011 Best EMS Award.
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.
SOURCE ConvergEx Group