ConvergEx Group Rolls Out Algorithmic Access to Malaysia, Indonesia, Thailand, Korea

NEW YORK, Jan. 3, 2012 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that it has added algorithmic access to new markets in Malaysia, Indonesia, Thailand and South Korea.

ConvergEx additionally announced today that it has also upgraded the underlying execution logic for its complete range of European and Asian algorithms.  Using sophisticated analytic technology from its proprietary TCA engine, PerformEx(SM), ConvergEx's dedicated team of financial engineers has enhanced the logic in these algorithms to more accurately predict the best location and timing to send an order to help customers seek to obtain best execution.

"We are very pleased to offer our customers algorithms for these four additional countries. As growth in emerging markets accelerates, we understand how important it is to give our customers the most advanced capabilities for trading in these regions so that they can stay one step ahead of their competition," said William Capuzzi, president of ConvergEx's global execution business.   "And as the European and Asian dark and lit markets continue to undergo seismic changes, we remain committed to continually upgrading our algorithmic technology to keep our customers on the cutting edge of execution technology."

ConvergEx's electronic execution tools, include sophisticated algorithms, advanced direct market access order types, a smart order suite, transaction cost analysis, and an ADR product suite. They offer powerful tools to enable access to more than 55 electronic markets.

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.

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 Research Solutions LLC, of which Jaywalk, Cogent Consulting 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.

SOURCE ConvergEx Group

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