ConvergEx Extends Algo Access to Emerging Markets

ConvergEx Group has extended its algorithmic trading suite to markets in Malaysia, Indonesia, Thailand and Korea.

The electronic execution tools on offer include transaction cost analysis (TCA), direct market access (DMA) order types, smart order tools and a series of algorithmic strategies.

In addition, the underlying execution logic of the company's European and Asian algorithms has been overhauled to incorporate analytic technology from PerformExSM, the company's proprietary TCA engine. The software now offers connectivity to 55 different countries.

"We are very pleased to offer our customers algorithms for these four additional countries," says William Capuzzi, president of ConvergEx's global execution business. "And as the European and Asian dark and lit markets continue to undergo seismic changes, we remain committed to continually upgrading our algorithmic technology to keep our customers on the cutting edge of execution technology."