ConvergEx Group, a trading technology provider, is providing clients with a new suite of solutions to meet high-speed routing and execution needs, through its LiquidPoint options trading platform.
According to ConvergEx, the new customisable tool suite will offer traders flexibility over latency and capacity in order to meet their trading styles, and so can be used by traditional traders or those operating high-frequency trading strategies.
The new services will be integrated with LiquidPoint's options network, ONYX, which offers users low-latency roundtrip times, co-location services, high capacity routing to exchanges and risk controls such as MassCancel, CancelOnDisconnect redundancy capabilities. ONYX also supports equities, VIX futures and options, and multi-leg orders.
“We have always been an early leader in supporting customers who are discriminating traders – those who have technology needs that are extraordinary and those who appreciate economies of scale but still demand the highest quality,” said Jordan Naylor, managing director at ConvergEx's LiquidPoint. “For those who are interested in cost savings, our standard package represents a feature-full choice. The more discriminating users will choose our premium or ultimate packages which provide the lowest latencies and highest capacities in the industry.”
“LiquidPoint remains committed to delivering timely and reliable quotes and powerful routing technologies,” said John Hester, managing director and senior director of software and systems architecture at ConvergEx's LiquidPoint. “As a technology company, we are dedicated to providing infrastructure in a customised fashion, meeting both the needs and price-point of each of our customers.”
Meanwhile, according to recent press reports, ConvergEx has filed with US regulators for an US$400 million initial public offering. According to news sources, the firm plans to use the raised funds to pay loans and buy back other ConvergEx units from its existing group members.