Expands Trading, TCA, Global Connectivity and Mobile Capabilities
NEW YORK, Nov. 11, 2011
NEW YORK , Nov. 11, 2011 /PRNewswire/ — ConvergEx Group , a leading technology company, today announced that RealTick®, its global, cross-asset class, multi-broker, multi-prime execution management system, has continued to build out its award-winning platform with the release of RealTick 11.
“With RealTick 11, we are rolling out our most advanced technology. This launch gives our customers numerous new features to enhance trading functionality and provide deep transaction cost analytics (TCA). It offers greatly expanded connectivity to global markets as well as upgrades to RealTick Mobile,” said Stuart Breslow , chief executive officer of ConvergEx's RealTick . “More than ever before, it allows our customers to fully concentrate on their core trading activities by using intuitive technology that anticipates their strategies and styles.”
RealTick 11 comes with RealTick's new cross-asset class Strategy Server and Rules-based Order Routing Engine. The Strategy Server puts traders in control of executing spread and pair orders. It gives them the power to set active and leaning leg settings to manually or automatically manage leg risk across markets, brokers and broker algorithms. The Rules-based Order Routing Engine lets customers define any combination of order fields and parameters to intelligently and automatically route orders to any combination venues, exchanges and/or routes. RealTick 11 also has upgraded its global derivative platform by streamlining its options interface and improving performance. In addition, RealTick has expanded futures trading connectivity and broadened the universe of futures and future options contracts available for trading.
In enhancing its suite of analytic capabilities, RealTick Trading Analytics, RealTick 11 is now providing customers with pre-trade, post-trade and intra-trade analytic solutions. These TCA tools deliver the transparency needed to understand and manage trading costs and ensure best execution throughout the entire trading life cycle – from investment idea to execution.
RealTick 11 is also continuing with its previously announced global expansion and has added Canadian market data from Alpha, Chi-X, Omega, Pure and TMX Select. RealTick 11 will also roll out TSX direct market access and smart order routing and is expanding the Level 2 display for Canadian markets. Depth of book data is also being added for Brazilian BM&F and Johannesburg equity and futures markets.
Further, as customers are becoming more reliant on their iPads® and smart phones, they are looking for more functionality from mobile trading applications. With RealTick 11, customers can now remotely track positions, monitor and cancel orders, and follow market activity and news from any iPad, iPhone® or smart phone.
“RealTick continues to deliver hedge funds, institutions and brokers the most comprehensive global trading platform available,” said Dan Rooney , president of ConvergEx's RealTick . “With the launch of RealTick 11, we are reinforcing our commitment to building one, fully integrated global platform that allows customers to trade across all asset classes.”
RealTick is the leading provider of comprehensive, global, cross-asset class, multi-broker, multi-prime trading, risk and data solutions. RealTick was rated the 2011 Best Provider of Execution Management Systems (EMS) by Waters Technology and received Buy-Side Technology's 2011 Best EMS Award.
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 customers accessing 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 are divisions. Additional information is available at www.convergex.com.
SOURCE ConvergEx Group