ConvergEx Rolls out Algo Access to Asian Markets

New York-based ConvergEx Group said it added algorithmic access to new emerging markets in Malaysia, Indonesia, Thailand and South Korea.

Additionally, ConvergEx, a technology provider of electronic execution tools, ]updated the underlying execution logic of its complete range of European and Asian algorithms. Drawing upon sophisticated analytic technology from its proprietary TCA engine PerformEx, ConvergEx said its team of financial engineers enhanced the logic in these algorithms by to more accurately predict the best location and timing of where to send customer orders seeking to obtain best execution.

“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,” commented William Capuzzi, president of ConvergEx’s global execution business in the company’s release. “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.”

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio