TradingScreen, multi-broker, multi-product trading platforms provider today announced that it has added BNY ConvergEx Group, an agency broker and investment technology solutions provider, to its execution management system (EMS). Through TradingScreen, BNY ConvergEx Group will offer advanced, global direct market access trading capabilities in over 50 markets, including the U.S., in a conflict-free, pure agency environment. Clients maintain complete anonymous control of their orders, utilising sophisticated order routing capabilities to access liquidity and obtain the fastest possible route to the market. They also have access to a full array of algorithms to accomplish their trading objectives.
According to Joseph M. Velli, chairman and CEO, BNY ConvergEx Group, “We are pleased to offer ConvergEx’s advanced global trading technologies through TradingScreen’s platform. We are dedicated to providing a broad array of superior tools to ensure our clients get the flexibility, expertise and quality they need to trade effectively in today’s competitive landscape. Aligning ourselves with TradingScreen underscores our commitment to deliver industry-leading agency trade execution services to clients.”
“We are honoured that BNY ConvergEx Group has selected TradingScreen to integrate their global direct market access capabilities,” says Philippe Buhannic, CEO, TradingScreen. “ConvergEx’s leadership position in electronic trading and investment technology solutions makes them a perfect partner for TradingScreen, as we continue to expand our network of broker connectivity. Today, TradingScreen products are used all over the world because we provide our customers with the electronic trading solutions that they need, no matter what market they trade,” he adds.
TradingScreen’s flagship product, TradeSmart, is a customisable front-end GUI (Graphical User Interface) that enables buy-side clients to trade a broad portfolio of financial instruments, around the clock, on any market and with a wide range of counterparties. TradeSmart is unique in its ability to aggregate multiple-dealers and multiple products onto a single screen format for electronic order routing. Its ASP (Application Service Provider) model enables very rapid deployment and activation of users into live trading and incorporates the most comprehensive and intuitive access to the proprietary algorithmic trading strategies offered by the leading global brokers. TradeSmart also makes available a number of the modules that support other order management activities such as Allocations and Position and P&L tracking.
TradingScreen is pleased to add BNY ConvergEx Group to its rapidly growing list of partners, which include brokerage firms, asset managers, hedge funds and private banks with more than US$2.75 trillion in assets under management.