ConvergEx Group Expands Execution Capabilities Throughout Asia-Pacific
ConvergEx Group has announced that is has made several significant enhancements to its execution capabilities in the Asia‐Pacific markets.
ConvergEx's Darkest, Grey and Abraxas algorithms now route to four new dark and two new lit venues in Hong Kong, Australia and Japan. The company provides access to new algorithmic trading strategies in Malaysia, Indonesia and Korea, including reserve, scaling and pegging, and has optimized its Asia‐specific benchmark algorithms.
"Market volumes in Asia have declined significantly over the past few years. Complicating the picture, despite the growth in alternative trading systems, the majority of dark Asian Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term pools do not interact with one other. This means that traders face the challenge of finding liquidity across numerous locations, while minimizing the number of tools they have to deploy for cost and efficiency purposes," said William Capuzzi, president of ConvergEx's Global Execution Business. "As the Asia‐Pacific trading landscape continues its evolution, we will continue to adapt technologies and methodologies to maximize opportunities in these fragmented markets."
This most recent round of enhancements addresses the complexities of big spreads, high Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and low volume and is key to delivering consistent execution performance, especially for stocks that are illiquid or do not follow regular VWAP curves.
"We constantly keep track of new venues in both the dark and lit landscape in Asia to ensure broad coverage of routing technology. We systematically evaluate fill rate and quality of each dark pool we connect to in order to help ensure best execution for clients," said Jason Rand, head of electronic and portfolio trading for Europe and Asia. "We are proud of the sophisticated suite of technologies that we have built that give traders the tools to streamline their efforts in Asia‐Pacific markets. Our pipeline of new products continues to be strong and we are looking forward to launching several new technologies and markets in the coming quarter."
ConvergEx Group has announced that is has made several significant enhancements to its execution capabilities in the Asia‐Pacific markets.
ConvergEx's Darkest, Grey and Abraxas algorithms now route to four new dark and two new lit venues in Hong Kong, Australia and Japan. The company provides access to new algorithmic trading strategies in Malaysia, Indonesia and Korea, including reserve, scaling and pegging, and has optimized its Asia‐specific benchmark algorithms.
"Market volumes in Asia have declined significantly over the past few years. Complicating the picture, despite the growth in alternative trading systems, the majority of dark Asian Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term pools do not interact with one other. This means that traders face the challenge of finding liquidity across numerous locations, while minimizing the number of tools they have to deploy for cost and efficiency purposes," said William Capuzzi, president of ConvergEx's Global Execution Business. "As the Asia‐Pacific trading landscape continues its evolution, we will continue to adapt technologies and methodologies to maximize opportunities in these fragmented markets."
This most recent round of enhancements addresses the complexities of big spreads, high Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and low volume and is key to delivering consistent execution performance, especially for stocks that are illiquid or do not follow regular VWAP curves.
"We constantly keep track of new venues in both the dark and lit landscape in Asia to ensure broad coverage of routing technology. We systematically evaluate fill rate and quality of each dark pool we connect to in order to help ensure best execution for clients," said Jason Rand, head of electronic and portfolio trading for Europe and Asia. "We are proud of the sophisticated suite of technologies that we have built that give traders the tools to streamline their efforts in Asia‐Pacific markets. Our pipeline of new products continues to be strong and we are looking forward to launching several new technologies and markets in the coming quarter."