ConvergEx Group, a leading provider of global brokerage and trading-related services, today announced that its Prime Services customers will soon be able to receive real-time, intra-day transaction cost analysis (TCA) from PerformExSM, its groundbreaking TCA product.
PerformEx gives customers dozens of advanced tools to view and analyze virtually every aspect of a trade’s life cycle as it happens. With an extensive array of customizable analytics, ConvergEx believes PerformEx offers as many order details as a trader could ever want or need in today’s market environment– all in real time.
“Highly detailed, real-time trading information will give our customers a critical edge in t oday’s ever-changing and fast moving markets,” said Douglas M. Nelson, chief executive officer of ConvergEx Prime Services. “Understanding exactly where orders are routed and how successfully each order is being filled will let our customers make real-time adjustments that may have a dramatic impact on execution performance.”
ConvergEx Prime Services is an industryâleading provider of integrated prime services to Hedge Funds, Family Offices, Mutual Funds and Registered Investment Advisors. It offers advanced technology, global execution and reporting tools provided by multiple prime custody options through Goldman Sachs Execution and Clearing, L.P., J.P. Morgan Clearing Corp and Pershing LLC. Its customers are exposed to a broad base of longâstanding customer relationships with an experienced team providing high quality service and unique advantages in the marketplace.