NEW YORK, Sept. 18, 2015 /PRNewswire/ -- Convergex, an agency-focused global brokerage and trading related services provider, is pleased to announce that it set a new one-day options volume record for the firm on September 14, 2015. Options trading at Convergex exceeded 1.14 million contracts, or almost 10% of the total U.S. listed equity options volume on that date. For the month of September, Convergex has been trading an average of over 930,000 options contracts daily, representing a 1% jump in its overall market share over the past 6 months.
"Over the past few months, Convergex has been experiencing a steady increase in its overall share of options volume and has most recently been executing almost 6% of total U.S. listed options volume on a daily basis," said Ben Londergan, Executive Managing Director of Options Trading and Technology at Convergex. "We have a unique set of offerings including equities, clearing, routing, high touch, and soft dollar capabilities, which helps Convergex stand apart from other firms."
Convergex's options' platform offers its clients advanced options execution technologies, risk-management tools, and customized solutions that meet their specific needs.
About Convergex
Convergex is an agency-focused global brokerage and trading related services provider that takes on the industry's toughest challenges, from complicated trades to complex businesses. With clients' interests as the top priority, Convergex delivers comprehensive solutions that span global high-touch and electronic trading, options technologies, prime brokerage, clearing, commission management and beyond. Headquartered in New York with a presence in several other locations including Atlanta, Boston, Chicago, Orlando, San Francisco and London, the company serves nearly 3,000 clients accessing over 100 global market centers.
Important Information
Convergex is an agency-focused global brokerage and trading related services provider. In the U.S., Convergex offers products and services through Convergex Execution Solutions LLC (member NYSE/FINRA/NFA/SIPC), of which Convergex Prime Services is a division; Westminster Research Associates LLC (member FINRA/SIPC); and Convergex Solutions LLC, of which Connex, Jaywalk and LDB are divisions. In London, Convergex operates through Convergex Limited, which is incorporated in England and Wales (registered with company number 06262150). Convergex Limited is authorized and regulated by the Financial Conduct Authority (FCA) of the United Kingdom.
Convergex provides brokerage services primarily on an agency basis, but may operate in a riskless principal and/or net trading capacity, and in connection with certain ETF or ADR transactions, may act as principal or engage in hedging strategies. Convergex does not engage in market making or investment banking activities, other than as a selling group member.
Please be advised that options carry a high level of risk and are not suitable for all investors. To receive a copy of the Options Disclosure Document please contact the Convergex Compliance Department at (800) 367-8998.
The material, data and information (collectively "Convergex Information") that is available from Convergex is intended for institutional investor use only; is for informational purposes only; is subject to change at any time; is not intended to provide tax, legal or investment advice; and does not constitute a solicitation or offer to purchase or sell securities. Convergex Information is believed to be reliable, but Convergex does not warrant its completeness or accuracy and Convergex assumes no duty to update such information. Clients should read their account agreement(s) and documentation with Convergex carefully as those documents contain important information and disclosures about the products or services covered thereby. Convergex is not responsible for third-party information or services, including market data from the exchanges. (Rev. 4/1/15)
Contact: |
Lynda Caravello |
212.468.7713 |
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SOURCE Convergex
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