NEW YORK, Sept. 24, 2013 /PRNewswire/ -- ConvergEx Group, a leading provider of global brokerage and trading-related services, today announced that its Prime Services business has launched a new sector configuration tool that gives portfolio managers greater control and flexibility into how they view and analyze their daily performance reports. This interactive tool allows managers to create customized sectors and subsectors to each stock in their portfolio so they can drill deeply down into their exposures for performance analytics, risk controls and attribution for P&L reporting.
"This new tool is especially useful for managers who have funds that focus on specific groups or sub-groups of stocks," said Douglas M. Nelson, chief executive officer of ConvergEx Prime Services. "Traditional analytic tools come prepopulated with stocks assigned to certain sectors and industries, limiting fund managers' ability to run important performance comparisons. Our tool gives them all the flexibility for their specific needs."
"As we continue to grow and gain market share, we continue to invest in technology and services that can differentiate our offering and provide the best possible mix of product to our clients," added Michael L. DeJarnette, president of ConvergEx Prime Services.
ConvergEx Prime Services is an industry-leading provider of integrated prime services to Hedge Funds, Family Offices, Mutual Funds and Registered Investment Advisors. It offers advanced technology, global execution and reporting tools provided by multiple prime custody options through Goldman Sachs Execution and Clearing, L.P., J.P. Morgan Clearing Corp and Pershing LLC. Its customers are exposed to a broad base of long-standing customer relationships with an experienced team providing high quality service and unique advantages in the marketplace.
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 15 key locations, 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 www.convergex.com.
SOURCE ConvergEx Group