ConvergEx Launches ConnEx

ConvergEx Group has launched ConnEx, a new business that provides a line of FIX connectivity infrastructure offerings. ConnEx can customize solutions with flexible FIX gateways and FIX protocol implementation.

"Much of today's financial services industry relies on a complex and costly technological infrastructure and many firms are challenged to keep pace as their business grows," says George Rosenberger, head of ConnEx. "By outsourcing their FIX needs to ConnEx, firms will receive superior technology and support at a reduced cost and will be able to better concentrate on their core business activities—all while knowing their connectivity business is being backed by a fully redundant and robust infrastructure."

ConnEx's services include a web-based customer relationship management (CRM) system for client onboarding, an in-house development team for FIX connectivity, and a risk management tool.

"With our established infrastructure, the firms that use ConnEx are no longer required to purchase and maintain duplicate equipment for production and disaster recovery environments, which reduces a significant business expense," says Rosenberger. "And because we allow them to more quickly connect to their clients, they can book revenue faster than ever before."