BNY ConvergEx Group, LLC, a global agency brokerage and investment technology solutions, today announced that it has completed its acquisition of LiquidPoint LLC, first announced on June 11, 2007.
LiquidPoint is a listed options execution and trading technology firm that provides services to institutional traders, prime brokers, hedge funds, financial intermediaries and options exchanges.
The acquisition of LiquidPoint strengthens ConvergEx’s ongoing strategy of providing clients with increased choice and depth in their execution strategies.
“The LiquidPoint acquisition was primarily driven by its ability to immediately strengthen and expand our core competencies in investment technology and execution and liquidity management, says Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group.
“The LiquidPoint team is greatly enthused about joining the BNY ConvergEx Group and eager to begin unlocking the tremendous synergies held forth in this deal,” says Anthony J. Saliba, President and Chief Executive Officer of LiquidPoint LLC