BNY ConvergEx launches new options trading desk

BNY ConvergEx, the New York-based provider of agency brokerage and investment technology systems, has launched a new trading desk to offer broker-assisted and fully electronic options trading. Buy-side firms will now be able to trade US options either directly through the new DerivatEx EMS or through the new options trading desk. The new desk provides access to all US options exchanges as well as connections to an external network of liquidity providers, resulting in potential price movement