BNY ConvergEx launches advanced DMA order types

BNY ConvergEx Group, the New York-based provider of global agency brokerage and investment technology solutions, has released TactEx, its first suite of DMA order types that allows traders to access both dark pools and displayed liquidity simultaneously. According to the broker, TactEx orders are designed to increase execution opportunities by reaching multiple liquidity sources while simplifying a trader's workflow. Unlike dark algorithms, which are designed to make decisions for traders, T