BNY ConvergEx Group, LLC, a provider of agency brokerage and investment technology applications, says that their client base for their FEATS algorithmic trading tools with order management system (OMS) is growing. Current integration partners include Eze Castle Software LLC, Advanced Financial Applications, Inc., Advent Software, Inc., Charles River Development and Linedata Services.
Through its Financial Engineering & Advanced Trading Solutions (FEATS) unit, BNY ConvergEx Group set out to help traders improve performance, limit market impact, and devise passive or aggressive trading strategies. The integration with OMS providers enables clients to control the specific parameters of each algorithm. Clients can now choose to go directly through their order management system or through SonicSM, BNY ConvergEx Group’s direct market access platform.
“Integrating our algorithmic trading tools with a growing number of leading OMS providers is an exciting and meaningful opportunity for us,” says Joseph M. Velli, the Chairman and CEO of BNY ConvergEx Group. “We are continuously enhancing and expanding our technology capabilities to offer sophisticated, advanced trading strategies, such as our high-performance algorithms, that give clients greater flexibility and more control in executing their trades.”
“Offering our FEATS algorithms through multiple venues is another example of our continued commitment to servicing our clients,” adds Carey S. Pack, the Director of BNY ConvergEx Group. “We are dedicated to providing a broad array of superior tools to ensure our clients get the flexibility, expertise and quality they need to trade effectively in today’s competitive landscape. We are meeting the challenges of this landscape by being proactive and creative, offering innovative, value-added solutions and anticipating changing client requirements as we move forward. The integration of our algorithms with OMS partners is a way for us to continue to enhance trading performance and productivity for our clients.”