The enhanced intra-trade functionality allows clients to monitor real-time performance and execution for all algorithmic orders routed to ConvergEx. The Performance Monitor feature enables clients to get up-to-the second performance and performance history, and the Trade Blotter provides detailed results for each individual trade. The Intra-Trade Summary gives list traders the ability to view real-time performance statistics that can be sorted by trade size, sector and other categories.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, stated, âThese enhancements to Perform-Ex will allow our clients to take greater control of their trading and better respond to the extreme volatility of todayâs markets. We consistently strive to find ways to strengthen all of our products, and this enriched intra-trade functionality is just the first of many ways that we will continue to upgrade Perform-Ex and raise the level of execution measurement available to ConvergEx clients.â
Perform-Ex, introduced in June 2007, uses a combination of pre-trade, intra-trade and post-trade analytics to give users to the ability to make more informed trading decisions and precisely measure results. Pre-trade analytics equip users with critical information for selecting trading strategies and scheduling trades. Intra-trade analytics bring transparency to algorithmic trading with real-time performance monitoring for all orders routed to ConvergEx algorithms, allowing traders to efficiently intervene when necessary. Post-trade analytics provide access to both individual trade records and orders grouped by size, market capitalization, and %ADV, amongst others.