A ConvergEx news release said a combination of pre-trade, intra-trade and post-trade Web-based analytics enables Perform-Ex users to make informed trading decisions and precisely measure results.
Pre-trade analytics provide users with critical information for selecting trading strategies and scheduling trades, while Intra-trade analytics give clients the ability to monitor real-time performance and executions for orders routed to ConvergEx algorithms. Intra-day views also keep clients informed about trading progress and any problem trades so they can intervene when necessary, according to the release.
Post-trade analytics allow clients to aggregate order data into a variety of useful categories. Users can pull individual trade records or group orders by size, market capitalization, and %ADV categories among others.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, stated in the release, “As execution strategies become more complex and execution options grow in number, advanced, effective trade quality measurement tools become crucial to determining optimal trading strategies.”
Perform-Ex is the latest addition to ConvergEx’s recently launched suite of liquidity management technologies (See Liquidity Management Suite Launches ).
More information is at www.bnyconvergex.com .