BNY ConvergEx sees grey

New York agency brokerage BNY ConvergEx Group has announced the release of 'Grey,' its latest TactEx order type. Grey is designed to actively sweep available displayed liquidity while an order is marketable and then post the remaining balance across multiple dark pools, including VortEx, ConvergEx's agency dark pool. According to the broker, this order type was developed to capture liquidity as it becomes available while minimising a trader's footprint in the market.