NEW YORK, April 27, 2011 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that RealTick 10, its global multi-asset class execution platform, continues to expand its global multi-broker dealer network with the addition of Wells Fargo Securities. RealTick clients can now take advantage of the latest suite of algorithms from Wells Fargo for their U.S. equity trading, including strategies tailored for dark pool liquidity aggregation, smart order routing and trade execution.
"As clients demand a greater range of tools to seek out liquidity and execute their strategies, our latest algorithmic suite, combined with RealTick's highly configurable platform, provides traders with additional means for execution opportunities," said Ed Gonzalez, managing director of WATS® Electronic Trading at Wells Fargo Securities. "Wells Fargo's algorithmic strategies are fully integrated across lit and dark venues and enable clients to seek out and execute trades with greater precision and performance."
"Our clients continue to seek greater performance and profitability in challenging markets and we are committed to providing the tools to help them achieve their goals," said Michel Finzi, head of Global Business Development at ConvergEx's RealTick. "Our focus at RealTick is to ensure professional traders have comprehensive access to the latest electronic products from the broadest range of broker dealers to better analyze, execute and evaluate their investment strategies."
Wells Fargo Securities further adds to the list of broker dealers providing execution in equities, options, futures and FX markets. RealTick's global broker dealer network includes, among many others, Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, Bulltick Capital Markets, CA Cheuvreux, Citigroup, ConvergEx Group, Credit Suisse, Deutsche Bank, Goldman Sachs, Instinet, Jefferies, Knight, MF Global, Morgan Stanley, Nomura, RBC Capital Markets, Societe Generale and UBS.
RealTick 10 delivers access to this broker network via its global, multi-asset class RealTick desktop, comprehensive trading API, FIX and RealTick for Microsoft Excel®.
RealTick 10 embeds trading as an integral and essential part of the investment equation. Through the redesign and unbundling of its platform, RealTick 10 now provides traders with intuitively designed AXE: Analysis, Execution, and Evaluation – the three critical elements which make for smarter trading decisions and which result in the opportunity for better execution and investment performance. RealTick provides its services across assets on a global basis to broker-dealers, hedge funds, asset managers, professional and active traders, via its execution management system, APIs, FIX and RealTick Mobile™.
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 clients to achieve improved investment results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves clients 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.
RealTick is a registered trademark of RealTick LLC.
SOURCE ConvergEx Group