BNY ConvergEx introduces Jaywalk 360 research service

Source: BNY ConvergEx Group

BNY ConvergEx Group, LLC, a leader in agency brokerage and investment technology solutions, today announced the launch of Jaywalk 360, a new independent research service designed to deliver the best and brightest ideas and analysis from its BNY Jaywalk Independent Research Provider (IRP) network.

Jaywalk 360 is a unique, proprietary service for institutional investors that provides access to IRPs that collectively offer the most comprehensive and in-depth coverage of equity securities available to the marketplace today. BNY Jaywalk operates a growing, worldwide network of more than 150 IRPs who actively cover nearly 7,000 equity securities. IRPs maintain broad areas of expertise, including fundamental evaluation, forensic accounting, channel checking, multi-factor fundamental modeling, macro-strategy analysis, technical research and more.

Through a dedicated Jaywalk 360 coverage team, BNY ConvergEx Group clients receive customized research that is matched to each client's unique investment parameters and individual areas of interest. Real-time monitoring of IRP recommendations and performance by the Jaywalk 360 coverage team drives research from IRPs directly to the client. Utilizing proprietary screening technology and performance measurement tools, the Jaywalk 360 service offers clients the discovery, evaluation and introduction to highly valuable IRPs.

Joseph M. Velli, Chairman and CEO of BNY ConvergEx Group, stated, "We are extremely pleased to provide our clients with the new Jaywalk 360 service. This unique, innovative offering is designed to deliver performance-driven results, customized to each client's specific research needs and requirements. The Jaywalk 360 service is another example of our dedication to providing added value to our clients and represents our firm commitment to leverage our capabilities and expertise in the expanding independent research arena."

"Our institutional clients are constantly looking for the best content while being challenged by information overload on a daily basis," said John D. Meserve, President of BNY Jaywalk. "With Jaywalk 360, our clients receive customized independent research coverage through a dedicated research team that delivers innovative ideas based solely on our clients' individual interests."

BNY Jaywalk has created a common standard for the posting of IRPs' investment recommendations in real-time. With thousands of reports and recommendations uploaded each week, this allows for the Jaywalk 360 service to analyze and identify top-performing analysts based on specific and objective performance evaluation. Additionally, the Jaywalk 360 service can deliver IRP ideas and recommendations from several analysts simultaneously, as well as identify when multiple IRPs independently make the same recommendation.

BNY Jaywalk LLC is a member of BNY ConvergEx Group and a leading provider of independent equity research-based solutions. As trusted consultants, BNY Jaywalk leverages in-house expertise, a proprietary global network of more than 150 independent research providers, and an innovative performance measurement system to deliver effective research solutions to the financial industry.

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