BNY ConvergEx Group has joined Advanced Financial Application’s (AFA’s) Sponsored Broker Program.
This new agreement expands upon the previous relationship between the two firms, which provided for ConvergEx’s algorithms to be distributed through AFA’s IMPACT Pro trade execution and order management system.
IMPACT Pro is an Execution Management System/Order Management System (EMS/OMS) that enables traders to streamline trade workflow from broker-neutral trade execution to order management.
AFA will provide connectivity to ConvergEx’s recently launched suite of liquidity management technologies.
“We are excited to add ConvergEx’s suite of liquidity management technologies to AFA’s IMPACT Pro because it will broaden the scope of our product distribution capabilities and help our clients implement their trading strategies in a more seamless way,” says Carey S. Pack, President, BNY ConvergEx Execution Solutions.