BNY ConvergEx launches CMU, enhances OMS

BNY ConvergEx Group has launched Commission Management Utility (CMU), a proprietary system to support the organisation's commission management business. The firm provides commission management services to institutional investors to enhance the efficiency of their commission management and reporting activities. CMU is an open-architecture database system which houses and manages commission data. Meanwhile Eze Castle Software, a subsidiary of BNY ConvergEx, has launched a single system OMS

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