Real-Time Software offers global transaction cost analysis.
August 10, 2012 -
PerformEx(SM) provides users with in-depth insight into their trading activity around world via risk forecasting, real-time intra-trade analytics, and historical performance reports. Along real-time alerts, aforementioned capabilities increase ability to respond to changing market conditions and make better investment decisions. GUI can be used to generate visual reports and detailed tables that summarize forecasted, actual, and historical performance against benchmarks.
Original Press release
BNY ConvergEx Group
1633 Broadway, 48th Floor
New York, NY, 10019
ConvergEx Group Offers Real-Time Global TCA Technology with Newly Enhanced PerformEx(SM)
NEW YORK -- ConvergEx Group, a leading technology company, today announced the launch of a fully upgraded version of its global transaction cost analysis technology, PerformEx(SM).
PerformEx's customizable technology allows customers to have an incredible depth of view into all their trading activity around the world by offering highly detailed risk forecasting, real-time intra-trade analytics and historical performance reports. These capabilities, along with PerformEx's real-time alerts, significantly increase customers' abilities to respond swiftly to changing market conditions and make better investment decisions.
"Increasing fragmentation and declining liquidity mean that customers need more information than ever before about where and how well their trades are executed," said Scott Daspin, managing director in ConvergEx's Global Electronic Execution group. "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 optimize execution."
Customers can use PerformEx's intuitive and user-friendly graphical interface to generate visual reports and detailed tables that summarize forecasted, actual and historical performance against a variety of benchmarks. These reports are available for all algorithmic strategies as well as by country, sector, market capitalization, currency exposure and liquidity profile.
"Our customers love PerformEx because it puts all the market, order and execution information in one place, which means no more swivel-chairing. PerformEx's range of customizable features offer almost every chart, table, diagram or report you could possibly need," said Jeremy Bruce, managing director and head of European Sales for ConvergEx's Global Execution business. "This level of convenience, productivity and transparency keeps traders more informed than ever before and keeps our customers one step ahead of the market."
PerformEx is web-based and can easily be accessed on almost all browsers.
About ConvergEx Group
ConvergEx Group is a leading technology company providing mission-critical proprietary software products and technology-enabled services to asset managers and financial intermediaries globally. Its products and services span the investment life cycle and are designed to enable customers to achieve improved results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves more than 4,000 customers accessing over 100 global markets. Formed in 2006, the firm has over 1,250 employees located in 23 cities throughout the Americas, Europe, Middle East, Africa and Asia-Pacific.
ConvergEx Group includes ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC); LiquidPoint, LLC (member CBOE/SIPC); G-Trade Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); ConvergEx Prime Services LLC (member FINRA/SIPC); Eze Castle Software LLC; RealTick LLC; ConvergEx Solutions LLC, of which Cogent Consulting, ConnEx, Jaywalk and LDB are divisions; ConvergEx Limited in the UK and Australia; and ConvergEx Asia Pacific Limited in Hong Kong. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC. Additional information is available at www.convergex.com.
Contact: Elizabeth Anderson