ConvergEx's Eze OMS™ Reports Record First Quarter

NEW YORK, May 5, 2011 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that its award-winning order management system, the Eze OMS, has realized yet another strong quarter in the first three months of 2011. In the first quarter, Eze continued to add customers at a record pace, with particularly impressive growth throughout Europe. Eze also saw record levels of demand for its compliance software and additionally added its 500^th electronic liquidity destination. These milestones reflect Eze's upward trajectory and follow the tremendous achievements and record growth in 2010.  

"We have seen a lot of success this quarter emerge from strategic global and domestic markets. Our new customers come from across Europe, North America and Asia-Pacific and one third of new customers come from the traditional asset management space. Compliance has also been a huge driver of growth in all markets with increasing regulatory oversight and investor scrutiny. Eighty-five percent of our new customers in the first quarter signed on with Eze Compliance," said Sean Sullivan, executive vice president of global sales at ConvergEx's Eze Castle Software.  "In the first quarter we added 20 new global liquidity destinations, bringing the total number of destinations to over 500, and we also set up approximately 1,700 new FIX interfaces. The growth, both in numbers and in global expansion, has been tremendous."

"One of the keys to our success lies in our core service model and speed of implementation. We approach customers as partners, not vendors. We have local teams that can be dispatched on site to address any issues as well as a centralized team dedicated to monitoring and maintaining all data interfaces and FIX connections 24/7," said Tom Gavin, chief executive officer at ConvergEx's Eze Castle Software. "The level of service we offer is often a deciding factor for prospective customers and we believe it is one of the reasons that over 20 percent of our new customers in recent years have chosen the Eze OMS to replace an existing commercial OMS. As we look forward, we continue to see many opportunities for growth across the globe."

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.

About ConvergEx Group

ConvergEx Group is a leading technology company providing mission critical software and technology-enabled 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 customers to achieve improved investment results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves customers in over 100 global markets.  Formed in 2006, the firm has over 1,200 employees in 22 locations throughout North America, 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,  RealTick LLC and ConvergEx Research Solutions LLC, of which Jaywalk, Cogent Consulting and LDB are divisions.  Additional information is available at www.convergex.com.

Contact: Elizabeth Anderson
[email protected]
212.468.7713

SOURCE ConvergEx Group