Wednesday, July 1, 2009

ConvergEx's LiquidPoint Selects Equinix NY4 for its East Coast Data Center

the domino effect, at work:

>>Move Will Provide High-Frequency Clients with Cutting-Edge, Low Latency Order Execution

NEW YORK, July 1 /PRNewswire/ -- ConvergEx, a premier provider of investment technology solutions and global agency brokerage services, today announced that its options business, LiquidPoint, has selected Equinix NY4 as its East Coast data center. Combining the benefits of NY4 with LiquidPoint's Advanced Order Routing System (AORS), customers will have industry leading, low latency order and algorithmic access to the International Securities Exchange, the Chicago Board Options Exchange's new C2 Exchange and other key options and financial exchanges.

"This direct connectivity will provide a significant advantage for our high-frequency trading customers who are desirous of ultra low latency," said Anthony Saliba, chief executive officer of ConvergEx's LiquidPoint. "It is critical to our clients that LiquidPoint's AORS infrastructure remains on the cutting edge of high-volume, low latency order execution."

Customers will also have the opportunity to co-locate within LiquidPoint's infrastructure to have direct access to LiquidPoint's Order Routing, Nth Exchange and market data application programming interfaces (APIs).

LiquidPoint, based in Chicago and a member of ConvergEx, is an agency-based registered broker-dealer 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 performance-driven, 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); G-Trade 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.

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