ConvergEx Offers Eze OMS Clients Access to LiquidPoint's Latest Options Execution and Routing Technologies

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Mar 11, 2010, 09:47 ET

NEW YORK, March 11 /PRNewswire/ -- ConvergEx Group, a leading provider of investment technologies and execution solutions to institutional clients worldwide, today announced that users of its order management system, the Eze OMS™, now have integrated access to LiquidPoint's latest options execution and routing technologies directly from the OMS blotter. As a key part of this enhanced offering, Eze OMS clients will be able to deploy LiquidPoint's Liquidity Seeking Order, which provides a high-speed and flexible connection to LiquidPoint's liquidity network. Until this upgrade, the Liquidity Seeking Order was only available via LiquidPoint's proprietary application and infrastructure.

"The highlight of this offering is allowing Eze OMS users access to our broad liquidity network, which is the most active institutional matching network," said Anthony Saliba, chief executive officer of ConvergEx's LiquidPoint. "LiquidPoint has been building and honing our liquidity network over the last six years and as a result, we lead the industry in crossed orders that find additional liquidity or provide price improvement."

The newest additions to options trade functionality available through the Eze OMS include strategies and order types to:

Route orders to a user-specified exchange or to a single exchange with the highest fill probability
Intelligently slice and route orders to multiple exchanges simultaneously
Partially or totally cloak orders to avoid impacting displayed exchange liquidity
Intelligently send orders in waves to access liquidity at multiple price points for exchange execution
Dynamically work orders at user specified price levels versus the stock and automatically execute delta hedge
Route orders into the LiquidPoint liquidity network to locate and access additional liquidity and/or price improvement

"The Eze OMS is the only order management system that currently supports LiquidPoint's full range of robust and technologically complex trading strategies," said Rob Keller, CFA, managing director of Global Product Management for ConvergEx's Eze Castle Software. "We are pleased to roll out this streamlined and intuitive interface, which gives our users the ability to deploy LiquidPoint's powerful tools directly into their existing workflows with the ease and efficiency of a single click."

About ConvergEx Group

BNY ConvergEx Group, LLC provides investment technologies and execution solutions to institutional clients worldwide. The Company is comprised of the following businesses: BNY ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC), LiquidPoint, LLC (member CBOE/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); G-Trade Services LLC (member FINRA/SIPC); NorthPoint Trading Partners, LLC (member FINRA/SIPC); Eze Castle Software LLC, and ConvergEx Research Solutions LLC, of which Jaywalk and Cogent Consulting are divisions. Additional information is available at www.bnyconvergex.com.

About LiquidPoint

LiquidPoint, based in Chicago and a member of ConvergEx Group, is an agency-based registered broker-dealer that specializes in derivatives execution management technology and brokerage services for listed options and equities. LiquidPoint provides a total solution for today's dynamic and diverse trading requirements, combining sophisticated trading tools with its commitment to superior order execution services and focused customer support.

About The Eze OMS

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 Eze OMS's Advanced Trading Framework offers seamless connectivity to more than 400 algorithmic trading strategies from over 50 brokers. Eze Castle Software is based in Boston and a member of ConvergEx Group.