Home > Liquidity and Execution Management > Liquidity Management Tools > ConvergEx Cross<div class="super">SM </div>
ConvergEx Cross
SM
- block crossing technology
Trade on your own terms. The ConvergEx Cross is an innovative solution that provides anonymous execution at the midpoint with natural buy-side contraparties, providing the benefits of zero market impact trading and price improvement that only pure block crossing can offer — all on your own terms. Connecting is easy with a simple OMS or EMS permission change and a light web-based application download.
Leverage our liquidity.
The natural liquidity found within BNY ConvergEx Group brings together unique institutional, agency-only order flow that is difficult to find in other crossing networks. Domestic equity shares traded by ConvergEx’s institutional, transition, portfolio and wholesale desks, combined with direct participation from Negotiated and Designated Cross clients and Pershing’s committed block flow, creates substantial natural crossing opportunities found nowhere else.
Negotiated orders.
Trade anonymously in deep pools of liquidity without revealing sensitive information. ConvergEx Cross automatically polls OMS/EMS blotters for interest and identifies potential opportunities to negotiate a block cross without giving “free looks”. ConvergEx Cross is currently available on the Eze OMSTM, Bloomberg EMSX and RealTick EMS with several new integrations slated for later this year. Check with us frequently, as we will be deploying our polling strategy to other OMS and EMS platforms on an ongoing basis.
Designated orders with ConvergEx CrossBoard.
The ConvergEx CrossBoard gives you the ability to anonymously send and receive symbol-only indications (SOIs) to the ConvergEx Cross trader community. The CrossBoard provides valuable insight into upstairs liquidity, offering you the opportunity to react to undisplayed committed liquidity or attract liquidity when it’s hard to find. Connecting to ConvergEx CrossBoard is easy - just a simple download and desktop install
Symbol filtering
The CrossBoard supports Watch List symbol filtering. Users can add and remove symbols on the Watch List to control the symbols that appear on the CrossBoard. When the filter is turned ON, the CrossBoard will only display names from the Cross that are included in the Watch List. When the filter in turned OFF, the CrossBoard will show all the symbols from the Cross (up to 60 symbols at a time). Users can manage their CrossBoard filters themselves or have their ConvergEx desk coverage person maintain the Watch List for them.
To learn more about ConvergEx Cross, please call 866-224-4407 or 212-468-8470.