ConvergEx Offers Real-Time Global TCA
ConvergEx Group announced the launch of a fully upgraded version of its global transaction cost analysis technology, PerformEx.
PerformEx's customizable technology allows customers to have an incredible depth of view into all their trading activity around the world by offering highly detailed risk forecasting; real-time intraday analytics and historical performance reports. These capabilities, along with PerformEx's real time alerts, significantly increase customer's abilities to respond swiftly to changing market conditions and make better investment decisions.
"Increasing fragmentation and declining liquidity mean that customers need more information than ever before about where and how well their trades are executed," said Scott Daspin, managing director in ConvergEx's global electronic execution group. "With the enhanced PerformEx, customers can measure their single or multi-currency baskets in real-time and take advantage of additional market opportunities. By zeroing in on leaders and laggards in their portfolios, traders are empowered to make informative decisions to rapidly modify their strategies to optimize execution."
Customers can use PerformEx's intuitive and user-friendly graphical interface to generate visual reports and detailed tables that summarize forecasted, actual and historical performance against a variety of benchmarks. These reports are available for all algorithmic strategies as well as by country, sector, market, capitalization, currency exposure and liquidity profile. PerformEx is web-based and can easily be accessed on almost all browsers.