Source: BNY ConvergEx Group
BNY ConvergEx Group, a leading provider of global agency brokerage and investment technology solutions, announced today that it has made a strategic investment in AIM-TO, a hedge fund software services provider.
Terms of the transaction were not disclosed.
This investment is part of BNY ConvergEx Group's vision to create a comprehensive suite of investment technology solutions for its buy-side clients. As part of this deal, Eze Castle Software will tightly integrate AIM-TO's core product, VerusHedge, a data warehouse and risk management system, with the Eze OMS through a real-time API interface. Through the integration, clients will be able to view up-to-the-fill risk analytics and access security master data for multi-asset class instruments.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "Since our inception, BNY ConvergEx has demonstrated its commitment to delivering innovative technology solutions to clients. Our investment in AIM-TO will give us the ability to leverage their expertise in data management technology to enhance our industry-leading investment technologies to include even stronger risk reporting and data warehouse functions."
"We are looking forward to working closely with ConvergEx," says Stephen D. Casner, Chief Executive Officer of AIM-TO. "Our VerusHedge product is the perfect complement to the Eze OMS. Clients will be able to streamline system interactions and leverage real-time data feeds and analytics directly from the OMS platform."