Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Trading Technology

09:47 AM
Leslie Kramer
Leslie Kramer
News
Connect Directly
RSS
E-Mail
50%
50%

BNY ConvergEx Group Ranked First in NYSE Euronext Trading Volume in October

BNY ConvergEx Group, LLC, a provider of global agency brokerage and investment technology solutions, was ranked number one in the NYSE Euronext Broker Volume Top 10 from October 1st through October 21st 2008. Over the past year, ConvergEx has quickly moved from being consistently ranked in the top 10 of all firms in NYSE Euronext trading, to a top 5 ranking at the end of the third quarter, to a number one ranking for the period mentioned above. This rapid increase in volume can be attributed to ConvergEx’s agency model, which has allowed it to put the needs of its clients first and maintain a position of strength during this period of unprecedented market volatility.

As trading volatility surged around the world over the last several months, significant growth was attained in both the number and type of new client wins, even as the complexity and degree of difficulty of the trades being executed greatly increased. The NYSE Euronext Broker Volume Top 10 provides a way to identify the leaders in equity orderflow and lists the top 10 NYSE member firms by volume. “ConvergEx’s ability to thrive in this unstable and challenging trading environment is a direct result of a unique agency trading model that combines advanced execution technology with the skill of our sales traders. Clients have realized that this model allows us to focus solely on their investment objectives, and better positions us to be their partner for the long term,” said Joseph M. Velli, Chairman and chief executive offcer of BNY ConvergEx Group, in a press release.

Register for Wall Street & Technology Newsletters
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.