Convergex, an agency-focused global brokerage and trading related services provider, today announced its plans to launch a new agency-only ETF quote-sourcing platform, ETF Direct.
Functionality for the new platform will include:
- The ability to request competitive quotes simultaneously from multiple liquidity providers including those in niche markets and sectors.
- Complete anonymity for clients and market makers.
- Access to an aggregated competitive market.
- A comprehensive audit trail, highlighting transparency.
The launch of Convergex's ETF Direct platform is anticipated for August 2015.
Contributed | what does this mean?