BNY ConvergEx Group, an agency brokerage and investment technology solutions provider, has entered into a strategic alliance with Thomson Reuters, the financial information provider.
The deal will provide Thomson Reuters clients with access to ConvergEx’s execution and liquidity management capabilities.
As part of the agreement, Thomson Reuters will become a preferred market data provider for ConvergEx clients, and ConvergEx will become a preferred broker for Thomson Reuters clients.
Joseph M. Velli, chairman and chief executive officer, BNY ConvergEx, commented, “Thomson Reuters is recognised for providing world-class financial information products to the institutional investor community and we are excited about the many benefits that this partnership is going to bring to our clients.”
“ConvergEx, with its trading technology solutions, extends our ability to further deliver value to clients through content, analytics and market liquidity solutions,” said Chris Perry, President, Thomson Reuters Americas Markets Division.