ConvergEx Group, a leading technology company, today announced that it has won two best-in-class awards in the 2010 Waters Rankings, the annual readers' choice awards of Waters magazine. The eighth annual Rankings recognize technological excellence provided by vendors to users at banks, brokerages and investment management firms worldwide. Waters polled over 1,200 of its subscribers to determine the winners.
ConvergEx was named Best Buy-Side OMS Provider for its pioneering order management system, the Eze OMSâ¢. ConvergEx was also named Best Crossing Network Provider for its three in-house ATSs, MillenniumSM, VortExTM and ConvergEx CrossSM.
âWe distinguish ourselves through our technology and these awards aptly demonstrate the talent of ConvergExâs technologists and our commitment to client service. As our clients are increasingly reliant on technology to support the entire investment process, we have dedicated ourselves to building out the mission critical applications that give them the edge they need,â said Joseph M. Velli, chairman and chief executive officer of ConvergEx Group.
Commenting on the awards, Dave Quinlan, head of strategy at ConvergEx Group said, âWe are honored to be recognized with these awards for our technological innovation and sophisticated solutions designed for todayâs complex and shifting marketplace. This acknowledgment is a great reward for our efforts.â
ConvergEx is a leading technology company providing products and services to asset managers and financial intermediaries globally. Its products and services span the investment life cycle and center on the development, marketing and servicing of technology-based solutions that enable clients to achieve improved investment results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves more than 6,000 institutional clients in 100 global markets. Formed in 2006, the firm has over 1,000 employees in 22 locations throughout the U.S., Europe, Asia, Australia and Africa.
ConvergExâs multi award-winning Eze OMS leverages a real-time open architecture to streamline the investment cycle for all asset classes â from idea generation through settlement. The Eze OMS provides functionality to support portfolio management, compliance,
trade management and operations in a single platform.
Through its three in-house ATSs, Millennium, VortEx and ConvergEx Cross, ConvergEx is one of the largest providers of agency only non-displayed liquidity.