ConvergEx's Eze OMS Adds Record Number of Clients

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Nov 24, 2010, 09:30 ET

NEW YORK, Nov. 24, 2010 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that its award-winning order management system, the Eze OMS™, has signed on a record number of new clients in 2010. With six weeks left in the year, the Eze OMS has already surpassed all previous years' sales records.

"This is a significant achievement and one that would not be possible without our never-ending focus on working alongside our clients as a partner, not just as a technology vendor," said Tom Gavin, chief executive officer of ConvergEx's Eze Castle Software. "Our willingness to work so closely with clients to deliver cutting-edge products has set us apart from the competition and is the reason we have seen this level of success."

"Around the globe, regulatory changes and investor scrutiny have created a strong demand for the solutions that only the Eze OMS provides. In fact, over 20% of our new clients this year chose the Eze OMS as a replacement for another OMS they were previously using," said Sean Sullivan, executive vice president and head of global sales for ConvergEx's Eze Castle Software. "The ability to combine our industry-leading portfolio management, compliance, trading and operations functionality with unmatched service and relationship management has helped to make this new sales record a reality."

Nearly a quarter of the Eze OMS's new clients this year are domiciled outside the United States and Eze Castle Software has been expanding globally to meet this international demand. Most recently, ConvergEx launched a new Eze office in Singapore, following on the heels of opening new Eze offices in Hong Kong in 2008 and Sydney, Australia in late 2009. This is in addition to Eze offices in the United Kingdom and five locations in North America.

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.

ConvergEx is a leading technology company providing products and services to asset managers and financial intermediaries globally. Its products and services span the investment life cycle and center on the development, marketing and servicing of technology-based solutions that enable clients to achieve improved investment results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves more than 6,000 institutional clients in 100 global markets. Formed in 2006, the firm has over 1,000 employees in 22 locations throughout the U.S., Europe, Asia, Australia and Africa.

BNY ConvergEx Group, LLC 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.convergex.com.