Execution Services

BNY ConvergEx Group, an affiliate of The Bank of New York Mellon, is a leading provider of global agency brokerage and investment technology solutions designed to meet our clients' critical trading and investment technology needs. Our broad array of services delivers a comprehensive, integrated platform of performance-driven, global multi-asset class trading capabilities, supported by sophisticated technology, a consultative approach and a culture of extraordinary client service.

Our extensive knowledge and expertise in liquidity and execution management, investment technologies and intermediary and clearing services, combined with our global resources and entrepreneurial passion, enable us to provide a unique set of offerings in an evolving, competitive marketplace.

BNY ConvergEx Group is designed to serve one important purpose — meeting our clients' strategic investment objectives. Clients include asset managers, hedge funds, broker-dealers, corporations, plan sponsors and financial intermediaries.

Sales Trading

As a proven leader in agency execution, we never compete with our clients' order flow. Our primary objective is to use our expertise and global solutions to be the savvy, unbiased partner that clients need. We focus on a consultative approach, working with our clients on a one-to-one basis to connect to the best-of-breed solutions, service, training and support that they require to work as effectively as possible. We provide superior multi-asset class execution in equities, fixed income, U.S. exchange-listed options and ADRs/GDRs.

As sales traders, our experienced staff acts as an extension of our clients' desks, actively sourcing all major markets and centers of liquidity and managing complex, transactable order flow. Our professional sales traders leverage all of our advanced capabilities to help enhance clients' investment performance, offering extensive experience in dealing with multiple securities and markets simultaneously, as well as settling in some of the world's most complex markets. Our robust execution strategies, combined with our experience, insight, and knowledge of global market structure, enable our sales traders to provide color and navigate fragmented markets to seek and manage liquidity with minimal market impact and latency.

Electronic Execution

At BNY ConvergEx Group, global electronic trading is all about best results — about putting clients in control, to get the results they want. As a leading provider of global execution services for institutional investors, our mandate is to provide advanced, customized trading solutions tailored to our clients' specific requirements. We offer a comprehensive global trading platform, offering connections to maximum sources of liquidity in over 50 electronic markets, as well as exchanges, ECNs, crossing networks and dark pools. We provide superior multi-asset class electronic execution in equities, U.S. exchange-listed options and ADRs/GDRs. Our leading-edge technology, innovative infrastructure, and exceptional support and resources enable us to respond to our clients' most critical needs.

Our comprehensive liquidity management tools enable anonymous access to dark pools, crossing engines, sophisticated algorithmic trading, advanced direct market access order types, performance measurement tools and robust execution management systems — all seamlessly delivered to our clients' workstations. And our powerful, proprietary technologies help clients maximize their trades in a range of markets worldwide and adjust dynamically as global market conditions develop and change over the course of the trading day — all designed to help our clients remain competitive and flexible.

Portfolio Trading

Our portfolio trading platforms and proprietary algorithmic models provide innovative solutions to help you minimize market impact and optimize trading performance. At ConvergEx, our clients benefit from our global multi-asset class trading expertise and advanced execution tools combined with our broad access to maximum sources of liquidity to deliver consistent, performance-driven results in over 100 markets worldwide. We specialize in the efficient handling of portfolio trades, with the skill and experience to deliver client orders into the market with optimal timing.

As a leading global agency brokerage, we enhance our portfolio trading products with the expertise, analysis and conflict-free position our clients require. Whether clients are looking for sophisticated electronic execution tools or the deep knowledge of our experienced portfolio sales traders, ConvergEx can help them manage their portfolio trading needs in all the markets we serve through a variety of execution products and services.

Commission Management

At BNY ConvergEx Group we are proud of our historical innovation and expertise in commission management. We are recognized as a leader in the industry — a cutting-edge partner who brings respected insights and a depth of knowledge and customized services to our clients.

Our many years of experience give us an in depth understanding of today's complicated marketplace. We provide the solutions you need to enhance the efficiency of your commission management and reporting activities and help you get maximum value from your commission dollars. The combination of our leading-edge technologies, together with the expertise of our experienced professionals, enable us to offer a broad array of flexible commission management choices specifically targeted to our clients' objectives and priorities.

Transition Management

Whether you wish to rebalance a portfolio or transition from one investment manager to another, BNY ConvergEx Group offers specialized services to assist you. Our dedicated global team, works hand-in-hand with clients to implement flexible, customized strategies that control costs, manage risk and support critical fiduciary responsibilities. Our unique client-focused approach ensures that we view each transition as an integral part of our client's 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 ConvergEx Group 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 100 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 ConvergEx Group 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^SM, 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.

Order Management System — Eze OMS

BNY ConvergEx Group expands on the possibilities of order management, making it possible for clients to master the complexities of the global markets in one system, the award-winning Eze OMS.

Our order management system is a real-time, multi-asset class, multi-strategy system that is supported by a service-oriented architecture. The Eze OMS provides clients with a flexible and scalable solution for managing your investment process. And it's available as both a desktop and a mobile solution.

Through its Eze OMS, BNY ConvergEx Group, streamlines firms' workflow by bringing together the functionality necessary to support portfolio management, compliance, trading and operations — in a single platform. Its four components deliver a complete solution that makes it possible for clients to manage all aspects of your investment process through your OMS.

Research Services

At BNY ConvergEx Group we recognize the value of unbiased, conflict-free research. And we provide it. Our clients have come to trust and rely on us for the access we provide to valuable independent research that can serve as one of the cornerstones of their investment decision-making process.

BNY Jaywalk is the independent equity research consultancy of BNY ConvergEx Group. Jaywalk's strong reputation has risen from their market leadership within the independent research industry coupled with expertise and a broad depth of knowledge. As trusted consultants, we recognize the value that lies in the minds behind the research. We help guide institutional investors through today's complex research selection process so they can make savvy investment decisions.

Our knowledge base pairs in-house expertise with access to an important global network of Independent Research Providers (IRPs), powerful research, and performance measurement tools that can be seamlessly integrated into your decision-making process.

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); Eze Castle Software LLC and ConvergEx Research Solutions LLC, of which Jaywalk and Cogent Consulting are divisions. ConvergEx Global Markets is a division of G-Trade Services LLC. BNY ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC.

Outside of the United States, BNY ConvergEx Execution Solutions, Eze Castle Software, G-Trade Services, Westminster Research, Jaywalk and Cogent Consulting are divisions of ConvergEx Limited in the U.K. 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.

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 is organized around three business lines — Investment Technologies, Liquidity & Execution Management, and Intermediary & Clearing Services. Its companies focus on providing technology-based solutions and services in the following areas: 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 Group businesses warrant its completeness or accuracy.