- Fiserv managed account clients will now be able to access world class straight-through and FIX trade execution services through partnership with ConvergEx
- ConvergEx services are available for all asset classes and program types, including Institutional accounts
- Partnership with ConvergEx provides Fiserv clients with improved managed account solutions to help increase efficiency and grow their business
Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that it has recently formed a partnership with ConvergEx. Through the partnership, Fiserv clients will be able to access world class straight- through and Financial Information Exchange (FIX) trade execution services for all asset classes and program types, including managed accounts.
"The services from ConvergEx that will now be available to our clients highly complement and round-out our robust platform of wealth management technology solutions; specifically our suite of portfolio management and trading tools," said Cheryl Nash, interim president for Fiserv’s Investment Services division. "This partnership will enable Fiserv clients to process trades and facilitate the back-office settlement and reconciliation process for their investment programs."
As a leading technology firm, ConvergEx provides mission critical software products and technology enabled services to more than 4,000 clients accessing over 100 global markets. Its large and diverse client base of asset managers and financial intermediaries includes investment advisors, hedge funds, mutual funds, plan sponsors, trust banks, family offices, separately managed accounts, broker-dealers, exchanges, alternative trading systems and investment banks.
"Our relationship with Fiserv will provide ConvergEx’s asset manager clients with improved managed account solutions that can assist in increasing their efficiency and help grow both their managed accounts and institutional businesses," said Stephen W. Volk, managing director of Sales and Business Development.