ConvergEx Group Offers Custom LiquidPoint Technologies to Support Full Spectrum of Options Routing

NEW YORK and CHICAGO, May 10, 2011 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that LiquidPoint is now offering futures and listed options traders a suite of customized technologies to meet their specific low latency routing and execution needs. This new suite is designed for technology-demanding traders who require differing speeds and capacities for their unique trading styles. With this new offering, customers can choose from a variety of new technologies to best suit their performance and budgetary requirements.

"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."

These services are integrated with LiquidPoint's Ultra Low Latency Options Network (ONYX), which was previously known as AORS v 2.  ONYX offers users low-latency round trip times and high capacity routing to the exchanges as well as risk controls that include MassCancel, CancelOnDisconnect redundancy, colocation and, if desired, dedicated hardware. In addition to listed options order routing, ONYX also supports equity, VIX futures and options and multi-leg orders. BLAZE(SM), LiquidPoint's recently announced next-generation front-end, also utilizes the ONYX network.

The ONYX and BLAZE offerings have contemplated all of the elements of the futures and options trading arena and can be custom fitted to suit the full range of technological needs of all options professionals, from high-frequency to more traditional traders.

"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 customized fashion, meeting both the needs and price-point of each of our customers."

About ConvergEx's LiquidPoint

LiquidPoint offers flexible, customizable and comprehensive solutions, specifically designed to meet the diverse needs of institutional options traders. Combining sophisticated electronic trading tools with superior order execution services and outstanding customer support, LiquidPoint provides a complete platform to help maximize options execution efficiency while seeking to improve performance and overall results.

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

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