ConvergEx's LiquidPoint Introduces New BLAZE(TM) Execution Technology |
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
BNY ConvergEx Group
1633 Broadway, 48th Floor
New York, NY, 10019
USA
Press release date: January 12, 2011
BLAZE Offers Next-Generation Technology for Options Professionals
NEW YORK - ConvergEx Group, a leading technology company, today announced that LiquidPoint has launched BLAZE(TM), a high-capacity, low-latency execution platform that is designed to address the increasingly complex realities of trading in today's listed options marketplace. The BLAZE software and architecture is paired with an enhanced and upgraded routing subsystem known as AORS v2 to offer the highest levels of ultra-low latency, high-capacity data processing and routing available today.
Due to the growing number of exchanges, products, underlyers, expirations, strikes and quotes, the amount of information that needs to be processed every millisecond has grown exponentially. These data demands required a fresh approach that is more efficient and flexible. BLAZE was designed utilizing a tightly integrated proprietary middleware, cutting edge data compression and intelligent dynamic message distribution, allowing LiquidPoint to offer the very best in speed to the markets and execution quality.
"BLAZE answers the needs of today's options trader with an intuitive, simplified design in a highly-advanced software platform. BLAZE uses enhanced functionality that takes advantage of software and hardware advances in order to bring our clients a unique experience above and beyond anything else currently available," said Anthony Saliba, chief executive officer of ConvergEx's LiquidPoint. "We have completely revamped our hardware, software and network architecture to increase speed, reduce latency and increase capacity, reliability and flexibility."
"Committing capital or making trading decisions based on stale or incomplete market information is not acceptable with the competition in today's trading arena. With the speed and velocity of today's market, traders can no longer afford unnecessary latency while waiting for orders to be entered or messages to be routed," continued Saliba. "The proprietary infrastructure and connection optimization in AORS v2 and BLAZE offers the solution by providing the speed and reliability our clients demand in today and tomorrow's marketplace."
About ConvergEx Group
ConvergEx Group is a leading technology company providing mission critical software and technology-enabled services to asset managers and financial intermediaries globally. Its products and services span the investment life cycle and center on the development, marketing and servicing of technology-based solutions that enable clients to achieve improved investment results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves more than 6,000 clients in over 100 global markets. Formed in 2006, the firm has over 1,200 employees in 22 locations throughout the U.S., Europe, Asia, Australia and Africa.
BNY ConvergEx Group, LLC is comprised of the following businesses: BNY ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC), LiquidPoint, LLC (member CBOE/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); G-Trade Services LLC (member FINRA/SIPC); NorthPoint Trading Partners, LLC (member FINRA/SIPC); Eze Castle Software LLC, RealTick LLC and ConvergEx Research Solutions LLC, of which Jaywalk, Cogent Consulting and LDB Consulting are divisions. Additional information is available at www.convergex.com.
SOURCE ConvergEx Group
CONTACT: Elizabeth Anderson, EAnderson@convergex.com, +1-212-468-7713 Web Site: http://www.convergex.com
|
|
|
|
|
|
| 
