Derivix Offers Clients Seamless Access to ConvergEx's LiquidPoint
Strategic Relationship Strengthens Derivix Product Offering by Adding LiquidPoint's Options Routing and Execution Technologies
NEW YORK - Sept. 1, 2009 - Derivix, a financial services software company providing options pricing, analytics and realtime risk visualization, has announced that it will now offer its clients access to ConvergEx's cutting-edge derivatives execution and routing technologies via LiquidPoint.
Through the agreement, mutual clients will be able to leverage Derivix's fast and accurate analytics along with LiquidPoint's enhanced electronic execution platform, which offers advanced tools, order execution and customer support designed to meet the diverse needs of institutional options traders. Traders will benefit from LiquidPoint's broad liquidity network, increasing their ability to source added depth of market and achieve potential price improvement.
"Options traders require high-performance and best-of-breed solutions to execute complex trading strategies in the constantly evolving and rapidly expanding options market," said Jonathan Weedon, CEO and co-founder of Derivix. "Our strategic relationship with LiquidPoint allows us to offer clients a new generation of sophisticated electronic options trading tools, market expertise and technological superiority that is driving the industry forward."
Derivix provides firms with powerful analytic solutions that give a realtime, portfoliowide view of option positions, risk exposure and trading opportunities. The Derivix application supports traders with a full set of financial tools for complex option simulations across the dynamic market place, with live pricing spread liquidity, Greeks analysis and whatif volatility skew analysis. Combined with brokerneutral execution, Derivix provides customers with the flexibility, support and speed to stay ahead of the competition.
"Working with Derivix enables us to add comprehensive, highperformance analytics tools that give customers the power to evaluate and act on market opportunities as they happen," said Daniel Rooney, managing director of business development and sales at ConvergEx's LiquidPoint. "With smooth integration into our sophisticated execution platform, customers have the total solution for today's dynamic and diverse equity options trading marketplace."
About LiquidPoint:
LiquidPoint, based in Chicago and a member of ConvergEx, is an agencybased registered brokerdealer that specializes in derivatives execution management technology and brokerage services for listed options and equities. LiquidPoint provides a total solution for today's dynamic and diverse trading requirements, combining sophisticated trading tools with its commitment to superior order execution services and focused customer support.
About ConvergEx:
BNY ConvergEx Group, LLC provides investment technology solutions and global agency brokerage services to institutional clients worldwide. The Company's key business lines - Investment Technologies, Liquidity & Execution Management and Intermediary & Clearing Services - provide a full array of leading technologies and an integrated platform of performancedriven, global trading capabilities. BNY ConvergEx Group is comprised of the following businesses: BNY ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC), LiquidPoint, LLC (member CBOE/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); GTrade Services LLC (member FINRA/SIPC); BNY Jaywalk LLC; ConvergEx Global Markets Ltd. and Eze Castle Software LLC. Additional information is available at www.bnyconvergex.com.
About Derivix:
Derivix is a financial services software company providing options pricing, risk visualization, and analytics solutions to the industry's leading options traders, sales traders, and hedge funds. Derivix sets the new standard in analytics systems, offering customers the powerful tools they need to stay ahead in a rapidly evolving electronic marketplace. With a commitment to broker neutrality, Derivix provides customers the flexibility they need to fit solutions into any business structure. Founded in 2005, the company has offices in New York, Boston and Silicon Valley.
This release does not constitute an offer to sell or a solicitation of an offer to sell any securities of Derivix.