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SOURCE ConvergEx Group
NEW YORK, Jan. 17, 2014 /PRNewswire/ -- ConvergEx Group, a leading provider of global brokerage and trading-related services, today announced that ConnEx, its outsourced hosted FIX connectivity business, significantly grew its sell-side client base and vastly expanded its suite of services in 2013. Since the beginning of 2013, ConnEx has onboarded a wide range of clients at a record pace and exceeded expectations for the year. ConnEx has diversified its service offering by introducing a number of new tools that give clients more control, including an enhanced risk management system and performance dashboard for transparency, and new technologies that address today's changing regulatory environment.
"With the tremendous growth that we experienced in 2013, we're excited about what lies ahead. The market continues to embrace our model and the value that we bring to clients," said George Rosenberger, managing director and head of ConnEx. "With our consultative approach, we are identifying solutions and expanding our suite of services to meet client demand."
Offering a differentiated business model geared to create efficiencies, ConnEx has developed a number of new desktop tools and website enhancements to provide clients with greater transparency and insight into their FIX infrastructure. ConnEx also significantly invested in its disaster recovery site and refined its failover protocol through its continually scheduled resiliency testing. 2013 highlights include:
ConnEx is a broker-neutral managed services provider that customizes and optimally configures FIX connectivity for clients. Clients receive access to sophisticated tools that monitor their FIX orders while a web-based dashboard provides transparency into the onboarding lifecycle. ConnEx helps firms save on capital expenditures and minimize risk, helping them comply with regulatory requirements associated with market access rules.
About ConvergEx Group
ConvergEx Group is a leading provider of global brokerage and trading-related services for institutional investors and financial intermediaries. ConvergEx combines client-first service with innovative products, sophisticated strategies and proprietary technology to meet the challenges of increasingly dynamic and fast-paced markets. Headquartered in New York with a presence in several other key locations including London, Chicago, San Francisco, Boston and Atlanta, the company serves more than 3,000 clients accessing over 100 global market centers.
ConvergEx Group includes ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC); LiquidPoint, LLC (member CBOE/SIPC); G-Trade Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); ConvergEx Prime Services LLC (member FINRA/SIPC); ConvergEx Solutions LLC, of which ConnEx, Jaywalk and LDB are divisions; and ConvergEx Limited in the UK and Australia. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC. Additional information is available at www.convergex.com.
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