Execution Services

BNY ConvergEx Group, an affiliate of The Bank of New York Mellon, provides premier, customized agency trading and investment technology solutions, together with unparalleled customer service and support, to deliver a comprehensive, integrated approach to the entire investment cycle, from idea generation and trade execution to clearance and settlement. Our clients include traditional money managers, hedge funds, broker-dealers, corporations and plan sponsors.

Positioned to meet the rapidly changing requirements of the execution business marketplace, BNY ConvergEx Group offers a full spectrum of pre-trade, trade and post-trade services. We partner with our clients to develop innovative, customized solutions to help them work as effectively and efficiently as possible.

Institutional Agency Execution

As a proven leader in agency execution services, we offer conflict-free trading in both listed and over-the-counter equities through multiple execution platforms — direct market access, traditional block coverage and program and algorithmic trading — all on a global basis. These capabilities, combined with our global transition management and commission management services, further extend our ability to meet your diverse trading needs.

Electronic Execution

Offering direct electronic execution in over 90 global markets, we provide the broadest range of direct market access coverage. We offer direct access to all major equity markets — including the NYSE and other regional exchanges, as well as NASDAQ, market makers, primary ECNs and alternative trading systems — through a set of self-directed trading tools for program and single-stock trading. Smart-order routing and trading-strategy server capabilities enhance our market access, ensuring greater efficiency and improved performance.

Program Trading

Our program trading platforms and proprietary algorithmic models provide innovative solutions to help you minimize market impact and optimize trading performance.

Commission Management

Managing commissions in a complex market environment has become a key requirement for the institutional investment community. As a leading provider of commission management services, BNY ConvergEx Group offers solutions that enable institutional investors and broker-dealers to enhance the efficiency and effectiveness of their commission management and reporting activities.

Through the combination of leading-edge technology and a team of experienced specialists, we focus on understanding the unique needs of our clients to ensure you receive maximum value from your commission dollars.

InterComm^SM, our interactive commission management portal, provides a comprehensive view of your commissions and how they are used. InterComm enables you to streamline the commission management process, and provides access to enhanced reporting that is designed to meet current and anticipated disclosure standards.

Transition Management

Whether you wish to rebalance a portfolio or transition from one investment manager to another, BNY Global Transition Management offers specialized services to assist you. Our dedicated global team, with offices in New York, London, Sydney and Tokyo, works hand-in-hand with you to implement flexible, customized strategies that control costs, manage risk and support your critical fiduciary responsibilities. Our unique client-focused approach ensures that we view your transition as an integral part of the entire investment process. With more than 20 years of global transition experience and over $500 billion executed over the past two years, we're the preferred transition professionals for many of the world's leading institutional investors and asset owners.

As a leader in global multi-asset class transitions, BNY Global Transition Management provides the experience, expertise and resources necessary to deliver seamless execution across all asset classes. Our trading services include full in-house execution capabilities in over 90 markets worldwide, access to all major sources of liquidity, transition-specific algorithms designed for real-time optimization and leading-edge technology built to maximize performance and minimize market impact during your transition.

BNY Global Transition Management recognizes the importance of risk management as an increasingly critical issue facing transition managers today. Our risk management capabilities effectively measure risk and manage both implicit and explicit trading costs. Our advanced risk management tools offer intelligent, dynamic functionality, such as TOPx, our proprietary transition optimization algorithm, as well as sophisticated hedging strategies to mitigate risk.

Our end-to-end transition management service model is based on a thorough understanding of our clients' objectives, as well as their constraints. Our customized programs and strategies provide robust transition plans focused on preserving capital while managing operational and financial risk as efficiently as possible.

Trade Order Management & Related Technologies

Eze Castle Software's product suite provides global investment managers with the technology to support multi-asset-class order management, compliance, portfolio modeling, electronic trading, third-party data integration, mobile connectivity, real-time P&L and commission management. Our offerings incorporate the latest technology and industry standards to achieve true automation of the investment management process.

Independent Research

As a leading consultancy in conflict-free independent equity research services, we provide institutional clients with the ability to identify and select targeted solutions for their equity research needs.

We offer differentiated and innovative research to facilitate and enhance the investment decision-making process.

Our emphasis is on conflict-free research, as our independent research providers have no investment banking affiliations. As participants in our global network of independent research providers, they operate independently of The Bank of New York Mellon, enabling us to offer a wide range of methodologies, including fundamental, technical and quantitative services, and additional areas of unbiased conflict-free research, such as primary source data, forensic accounting, patent portfolio valuation and social responsibility analysis, all of which enable you to achieve your specific research goals.

Our ability to provide customized research solutions to meet the requirements of the Global Research Analyst Settlement is just one more way The Bank of New York Mellon demonstrates an ongoing commitment to helping clients successfully navigate the complexities of today's evolving marketplace.

Independent Research Services provided by BNY Jaywalk LLC, a member of BNY ConvergEx Group, LLC and an affiliate of The Bank of New York Mellon.

BNY ConvergEx Group, LLC in the United States comprises BNY 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); Eze Castle Transaction Services LLC (member FINRA/SIPC); BNY Jaywalk LLC and Eze Castle Software LLC. BNY Global Transition Management and LJR Recapture Services are divisions of BNY ConvergEx Execution Solutions LLC. ConvergEx Global Markets is a division of G-Trade Services LLC. BNY ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC, an affiliate of The Bank of New York Mellon Corporation. Investment products of BNY ConvergEx Group companies are not FDIC insured; are not deposit or other obligations of The Bank of New York Mellon or any affiliate; are not guaranteed by The Bank of New York Mellon or any affiliate; and involve investment risk, including possible loss of principal.

Outside of the United States, BNY ConvergEx Execution Solutions, BNY Global Transition Management, G-Trade Services, ConvergEx Global Markets, LJR Recapture Services, Westminster Research and BNY Jaywalk are divisions of BNY ConvergEx Limited in the U.K. BNY ConvergEx Limited is registered in England and Wales No 06262150, authorised and regulated by the Financial Services Authority. BNY Securities Australia Limited (ABN 45 003 231 829, authorized and regulated by the Australian Securities and Investments Commission) is an affiliate, but not part, of the BNY ConvergEx Group of companies. In Bermuda, BNY ConvergEx Group, LLC operates its subsidiary ConvergEx Global Markets Ltd., a Bermuda broker-dealer regulated by the Bermuda Monetary Authority, of which G-Trade Services is a division.

Any trademarks or service marks used by a BNY ConvergEx Group, LLC company are owned by the company using the mark unless indicated otherwise. Trademarks and service marks that include "BNY" are owned by The Bank of New York Mellon Corporation or its affiliates.

BNY ConvergEx Group companies focus on agency brokerage, commission management, independent research, transition management, trade order management and related investment technologies. These businesses do not engage in investment banking, equity underwriting, or proprietary trading. The material, data and information (collectively "ConvergEx Information") contained on or available through BNY ConvergEx Group businesses may not be suitable for all investors, are for informational purposes only and are subject to change at any time, are not intended to provide tax, legal or investment advice, and do not constitute investment advice or a solicitation or offer to purchase or sell securities. The ConvergEx Information is believed to be reliable but none of the BNY ConvergEx businesses warrant its completeness or accuracy.