JERSEY CITY, N.J., Feb. 1, 2011 /PRNewswire/ -- The Connors Group, a leading innovator in the development and distribution of financial market trading information, announced today that it has signed a deal with ConvergEx Group, a leading technology company providing mission critical software and technology-enabled services to asset managers and financial intermediaries globally. The agreement will bring institutional-grade trade execution and automation capabilities to users of The Machine®, the web-based software that allows investors and advisors to manage customized, quantified investment portfolios using more than 36,000 pre-set and back-tested strategies.
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"We are very excited to move forward with this agreement with ConvergEx, which will provide users of The Machine with an even more efficient way to manage their portfolios," said Larry Connors, founder and CEO of The Connors Group. "Users of The Machine tell us that they feel empowered to manage their own money in the same way as top quantitative hedge funds, utilizing model based methodologies, and now we can provide them with a simplified process for executing trades."
The Machine by the Connors Group is the industry's first commercially available software enabling investors and traders to combine multiple ETF and equity trading methodologies into one portfolio. By building portfolios of multiple strategies (equities, ETFs, long, short, mean reversion, and trend following), users can mitigate portfolio volatility and draw-downs to achieve improved consistency in any market environment.
With this new technology, Machine users, including individual investors, investment advisors, asset managers, and hedge funds, will be able to execute their portfolio trades with single click basket order placement and automate exits from within The Machines user interface.
"The Machine gives users access to technology and information that was previously only available to the largest hedge funds. We are pleased to be able to offer Machine users an even more efficient way to actively manage their investment portfolios," said Anthony Saliba, Chief Executive Officer of ConvergEx's LiquidPoint. "The Connors Group has done a phenomenal job of identifying a real need in the market – a way for both professionals and individual investors to take control of their portfolios and rely on data, not emotions, to make investing decisions."
To request more information or to speak with The Connors Group, please contact Dana Taormina at 973-732-3521 or [email protected].
About The Machine and Connors Group
The Machine by the Connors Group is the financial industry's only comprehensive solution for building quantified, high-performance, back-tested portfolios. The web-based software lets users build customized portfolios utilizing more than 36,000 pre-set strategies. Users gain all the benefits of active portfolio management while executing trades in just minutes a day.
Developed by the Connors Group, a leading innovator in the development and distribution of financial market trading information, The Machine is based on a proprietary database of over 10 million equity trades and market behavior. The Machine helps investors and money managers build portfolios that produce consistency in all markets. For more information about The Machine, please visit www.cg3.com.
SOURCE The Connors Group
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