New York, January 10, 2012 – ConvergEx Group, a leading technology company, today announced that RealTick®, its award winning execution platform, has partnered with Ancerno Ltd, an Abel & Noser company, to offer Ancerno’s advanced transaction cost analytics (TCA) software and execution consulting services to RealTick’s customers. Ancerno specializes in providing global, independent, broker-neutral TCA products and technologies.
The agreement immediately expands the RealTick TCA product suite and adds comprehensive pre- and post-trade analytics. These services include options for a basic compliance product; a full-featured software only product; and a complete end-to-end package that includes software and access to Ancerno’s execution consulting service.
“As traders face increasing demands for performance and profitability, TCA is no longer a luxury, but an integral part of trading and investment strategy,” said Stuart Breslow, chief executive officer of ConvergEx’s RealTick. “Ancerno’s reputation for quality is second to none and their level of service meets the high standards that our customers have come to expect.”
“With over 130 pre-set measures, Ancerno’s web-based trading analytics covers the full trading cycle, from portfolio manager, to trader, to execution venue,” said James Noser, president of Ancerno. “With this agreement RealTick customers can make even more informed execution decisions.”
“Ancerno’s flexible and highly customizable nature allows customers to slice and dice data to analyze strategies, investigate outliers, evaluate venues and measure performance from multiple views,” said Daniel Rooney, president of ConvergEx’s RealTick. “Ancerno’s deep trade universe helps customers perform meaningful peer analysis and comparisons, which is increasingly essential to evaluate trading effectiveness.”
RealTick is a provider of comprehensive, global, cross-asset class, multi-broker trading, risk and data solutions. RealTick was recently rated the 2011 Best Provider of Execution Management Systems (EMS) by Waters Technology and Best EMS by Buy Side Technology magazines.
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About ConvergEx Group
ConvergEx Group is a leading technology company providing mission-critical proprietary software products and technology-enabled services to asset managers and financial intermediaries globally. Its products and services span the investment life cycle and are designed to enable customers to achieve improved results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves customers accessing over 100 global markets. Formed in 2006, the firm has over 1,200 employees in 22 locations throughout the U.S., Europe, Asia, Australia and Africa.
ConvergEx Group includes ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC); LiquidPoint, LLC (member CBOE/SIPC); G-Trade Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); ConvergEx Prime Services LLC (member FINRA/SIPC); Eze Castle Software LLC; RealTick LLC; ConvergEx Solutions LLC, of which Cogent Consulting, ConnEx, Jaywalk and LDB are divisions; ConvergEx Limited in the UK and Australia; and ConvergEx Asia Pacific Limited in Hong Kong. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC. Additional information is available at www.convergex.com.