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 ConvergEx’s LiquidPoint Announces Continued Industry‐Leading Growth in Year‐Over‐Year Monthly Options Contract Volume 5/1/2009 For Immediate Release New York and Chicago – BNY ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, today announced that LiquidPoint’s monthly contract volume growth continued to once again significantly out pace industry growth levels. LiquidPoint’s April 2009 volume represents an increase of 55.28%, compared to its April 2008 volume. Overall volume of the U.S. options industry increased approximately 15.2% over the same period, according to transaction volume data obtained from the Options Clearing Corporation. “LiquidPoint continues to increase its market share by offering clients the technology and functionality they need to keep pace with the ever‐changing options landscape,” said Joseph Corona, director of strategic planning for LiquidPoint. “We are quickly becoming recognized as the leader in multi‐exchange crossing functionality, whether it be facilitation or solicitation, large block orders or small, and our crossing volume has contributed nicely to our overall growth throughout the past few months.” LiquidPoint, based in Chicago and a member of BNY ConvergEx Group, is an agency‐based registered broker‐dealer that specializes in derivatives execution management technology and brokerage services for listed options and equities. LiquidPoint provides a total solution for today’s dynamic and diverse trading requirements, combining sophisticated trading tools with its commitment to superior order execution services and focused customer support. #### About ConvergEx BNY ConvergEx Group, LLC provides global agency brokerage and investment technology solutions to institutional clients worldwide. The Company’s key business lines – Liquidity and Execution Management, Investment Technologies and Intermediary and Clearing Services – focus on a broad array of services designed to deliver a comprehensive, integrated platform of performance‐driven, global multi‐asset class trading capabilities. BNY ConvergEx Group is comprised of the following businesses: BNY ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC), LiquidPoint, LLC (member CBOE/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); G‐Trade Services LLC (member FINRA/SIPC); BNY Jaywalk LLC; ConvergEx Global Markets Ltd. and Eze Castle Software LLC. BNY ConvergEx Group is an affiliate of The Bank of New York Mellon Corporation. Additional information is available at www.bnyconvergex.com. << Back | |
© 2009 LiquidPoint LLC
Sales: (312) 986-2006 Customer Support: (312) 780-0050
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Important Disclosures: Please be advised that options carry a high level of risk and are not suitable for all investors. Because of the importance of tax considerations to all options transactions, the investor considering options should consult with his/her tax advisor as to how taxes affect the outcome of contemplated options transactions. To receive a copy of the Options Disclosure Document please contact David Schmueck at 312.986.2006. View our latest SEC Report here. Member SIPC |
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