ConvergEx Group Appoints New Trio, Bolstering Management Team

ConvergEx Group, a global provider of brokerage and trading Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services, has fortified its leadership team with three industry veterans: Greg Voetsch, Charles Galligan, and Oliver Sung.

ConvergeEx Group deals with a multitude of asset classes including equities, options, fixed income and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, among others. Over the past year, the group has embarked on a number of initiatives with RealTick platform, as well as the launching of Market Data Service through its subsidiary LiquidPoint.

Talented Trio Take Their Services to ConvergEx

In terms of the new hires, the group has selected Greg Voetsch as its newest Chief Executive Officer of ConvergEx Execution Solutions and Head of Brokerage Services. Prior to his appointment, Mr. Voetsch held the position of Executive Vice President at Knight Capital Group (KCG), dealing with electronic equity and Forex-related operations. Furthermore, he also was the Managing Director and Head of Equity Capital Markets at Janney Montgomery Scott.

In addition, ConvergEx has tapped Charles Galligan as its Head of Program Trading. Mr. Galligan has held several senior positions during his tenure, and before joining ConvergEx, he was the Director of Electronic and Program Trading at Canaccord Genuity. Prior to this, Mr. Galligan also worked as the Electronic Trading Group Manager at Piper Jaffray.

Finally, the group has named Oliver Sung as its Head of Electronic Execution in the United States, simultaneously being charged with managing the firm’s Millennium and VortEx alternative trading systems (ATS). Prior to ConvergEx, Mr. Sung held previous roles at Bank of America Merrill Lynch (BAML), as well as Bear Stearns and UBS.

According to Eric Noll, ConvergEx Group President and CEO, in a statement on the appointments, "These new leaders are extremely talented, experienced and excited to help build ConvergEx. Greg, Charlie and Oliver will not only be dynamic managers of their own areas of responsibility, but as members of the ConvergEx Executive Committee, they will be instrumental in developing new ideas and setting the agenda as we continue to innovate and expand our offering for our clients."