Convergex preps ETF quote-sourcing platform

Source: Convergex

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. 

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