With real-time transaction cost analysis getting increasingly important for traders due to increasing fragmentation and declining liquidity, ConvergEx Group has launched a fully upgraded version of its global transaction cost analysis technology, PerformEx.
PerformEx’s customisable technology gives customers a deeper view into all their trading activity around the world with detailed risk forecasting, real-time intra-trade analytics and historical performance reports. These capabilities, along with PerformEx’s real-time alerts, can increase customers’ abilities to respond swiftly to changing market conditions and make better investment decisions.
The web-based service lets customers generate visual reports and detailed tables that summarise forecasted, actual and historical performance against a variety of benchmarks. These reports are available for various algorithmic strategies as well as by country, sector, market capitalisation, and currency exposure and liquidity profile. PerformEx also puts all the market, order and execution information in one place.
“With the enhanced PerformEx, customers can measure their single- or multi-currency baskets in real-time and take advantage of additional market opportunities. By zeroing in on leaders and laggards in their portfolios, traders are empowered to make informative decisions to rapidly modify their strategies to optimise execution,” says Scott Daspin, managing director in ConvergEx’s global electronic execution group.
By Jaya Menon