26 September 2016
Find out more

ConvergEx receives second commission management patent

11 July 2013  |  972 views  |  0 Source: ConvergEx

ConvergEx Group, a leading provider of global brokerage and trading-related services, today announced that the United States Patent and Trademark Office has issued its second United States Patent related to the company's Commission Management System.

ConvergEx was issued U.S. Patent No. 8,433,629 which protects ConvergEx's proprietary technology and methodology for a commission management platform enabling users to pool and manage their commission dollars from multiple executing brokers. This includes allowing those users to review and approve payment of their research invoices using pooled commissions. ConvergEx was previously issued U.S. Patent No. 7,769,658 on August 3, 2010.

"This patent is another example of ConvergEx's continued commitment to providing our clients with best-of-breed commission management tools. These software solutions are designed to simplify and streamline our clients' daily workflow," said John Meserve, executive managing director and head of the commission management business at ConvergEx Group. "Our proprietary commission management technologies make monitoring Commission Sharing Arrangements (CSAs), Client Commission Arrangements (CCAs) and third-party research payments straight forward and easy."

One of the industry's leading providers of commission management solutions, ConvergEx Group provides a complete suite of neutral, anonymous and transparent services that encompasses every step of the commission management process.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euFind out moreVisit dh.com

Who is commenting?

Top topics

Most viewed Most shared
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
13263 views comments | 50 tweets | 46 linkedin
Banks test blockchain for reference data managementBanks test blockchain for reference data m...
8536 views comments | 16 tweets | 27 linkedin
Swift beware: Ripple signs banks to global payments steering groupSwift beware: Ripple signs banks to global...
8182 views comments | 32 tweets | 17 linkedin
Time has come to extract value from blockchain investment – new Finextra paperTime has come to extract value from blockc...
6888 views comments | 22 tweets | 16 linkedin
FCA to kickstart sandbox with 24 applicantsFCA to kickstart sandbox with 24 applicant...
6867 views comments | 33 tweets | 15 linkedin

Featured job

Find your next job