BGC Partners, an interdealer broker, has struck a deal with BNY ConvergEx to offer the agency brokerage’s electronic, portfolio and sales trading capabilities for equities, fixed income and US-listed options to its customers.
Under the partnership, clients of subsidiary BGC brokers will be able to access ConvergEx’s dark liquidity pool VortEx, the ConvergEx Cross block crossing engine, TactEx, a suite of direct market access order types for accessing displayed and non-displayed liquidity, as well as the firm’s global algorithmic strategies.
“Working with ConvergEx, which is one of the most respected companies in the global trading space, we can now offer our customers equities trading in all the key markets globally,” said Jean Pierre Aubin, executive managing director and global head of listed products at BGC Partners. “ConvergEx’s proven investment strategies and anonymous, conflict-free execution capabilities are tremendously attractive to our clients.”??
“Through one connection to ConvergEx, BGC’s clients will be able to seamlessly access over 100 global markets, including 50 electronic markets, and anonymously source deep pools of liquidity,” added Anthony Blumberg, chief executive officer of ConvergEx Global Markets.