BNY ConvergEx Group Announces Strategic Alliance with Thomson Reuters

5 September 2008

BNY ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, today announced that it has entered into a strategic alliance with Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, that will provide Thomson Reuters clients access to ConvergEx's market-leading execution and liquidity management capabilities. As part of the agreement, Thomson Reuters will become a preferred market data provider for ConvergEx clients, and ConvergEx will become a preferred broker for Thomson Reuters clients.

As a leading global agency brokerage, ConvergEx delivers multi-asset class strategies and tools for world-class execution on every major exchange, seamless connectivity to global markets, and anonymous sourcing of deep liquidity. The ConvergEx liquidity and execution management offering includes the VortExSM dark liquidity pool; ConvergEx CrossSM, a sophisticated block crossing engine; a complete set of performance-enhancing global algorithms; TactEx, which is a comprehensive suite of advanced DMA order types for accessing both displayed and non-displayed liquidity in the US; and Perform-ExSM, a web-based transaction cost analysis platform. The alliance will also allow Thomson Reuters clients to draw on ConvergEx's market-leading commission management and research solutions to help them get maximum value from their commission spend.

Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "Thomson Reuters is a recognized leader in providing world-class financial information products to the institutional investor community and we are very excited about the many significant benefits that this partnership is going to bring to our clients."

"Thomson Reuters delivers to customers unparalleled industry expertise, combined with innovative technology - this is our focus," said Chris Perry, President, Thomson Reuters Americas Markets Division. "ConvergEx, with its leading trading technology solutions, substantially extends our ability to further deliver value to clients through content, analytics and market liquidity solutions."

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