ConvergEx's RealTick® 10 Rolls Out New Risk Technology for Market Access Rule, Operational Requirements

NEW YORK, July 14, 2011 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that RealTick 10, its global multi-asset class execution platform, is now offering its broker customers an enhanced risk management solution to meet the requirements of the new market access rule (SEC Rule 15c3-5). This rule requires brokers to implement and maintain specific risk management controls prior to providing their end customers with access to execution venues.  Certain provisions of the rule are set to take effect today.

"Embedding rigorous controls that provide intermediaries and customers the tools to comply with the current regulatory requirements is an integral component of any trading technology," said Stuart Breslow, chief executive officer of ConvergEx's RealTick. "Our delivery of these additional controls gives brokers the assistance they need to remain in compliance with the market access rule and to manage their risk as their clients trade."

The RealTick solution also provides a highly configurable administrative application to allow broker customers to manage their trading clients' pre-trade risk controls, credit and margin limits and to monitor risk in real-time. 

Options include:

• Pre-trade Risk Controls:  Price; Trade Size; Trade Frequency; Percent of Portfolio, Aggregate Intraday Cost; and Conflict of Interest
• Short Sale Management: Easy-to-Borrow/Hard-to-Borrow; Short Locate and other short sale options
• Credit and Margin: Requirements, Limits and Restrictions.

RealTick is the industry's premier global multi-broker, multi-asset class trading platform. RealTick's ease of use, unsurpassed flexibility and fully configurable trader experience delivers intuitively integrated analysis, execution and evaluation solutions which provide the opportunity for improved trading performance and investment profitability.

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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