NEW YORK, Dec. 2 /PRNewswire-FirstCall/ -- BNY ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, today announced the release of "Grey," its latest TactEx order type. Grey is designed to actively sweep available displayed liquidity while an order is marketable and then post the remaining balance across multiple dark pools, including VortEx(SM), ConvergEx's agency dark pool with patent-pending IOI aggregation technology. This order type was developed to capture liquidity as it becomes available while minimizing a trader's footprint in the market. With unprecedented levels of volatility in today's marketplace, orders that once stood out in the crowd are now hidden. Liquidity today is quickly being dispersed between transparent market centers and dark pools. To capture non-displayed flow, current smart order routing technology needs to shift between light and dark seamlessly. TactEx is the first suite of DMA order types that allows traders to access both dark and displayed liquidity simultaneously. Designed to increase execution opportunities by reaching multiple liquidity sources and simplifying workflow, TactEx helps to maximize execution rates and improve performance. Unlike dark algorithms, which are built to make decisions for traders, TactEx gives traders more control over execution strategies. Joseph M. Velli, Chairman and Chief Executive Officer, BNY ConvergEx Group, stated, "With liquidity fragmented between displayed markets and dark pools, traditional execution tools are quickly becoming obsolete. Grey, our latest TactEx order type, is another example of ConvergEx's ongoing commitment to innovation. We will continue to develop sophisticated products and technologies to help clients efficiently aggregate and access the breadth of available liquidity in the evolving electronic marketplace." About BNY ConvergEx Group BNY ConvergEx Group, LLC provides global agency brokerage and investment technology solutions to institutional clients worldwide. The Company's key business lines - Liquidity and Execution Management, Investment Technologies and Intermediary and Clearing Services - focus on a broad array of services designed to deliver a comprehensive, integrated platform of performance-driven, global multi-asset class trading capabilities. BNY ConvergEx Group is comprised of the following businesses: BNY ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC), LiquidPoint, LLC (member CBOE/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); G-Trade Services LLC (member FINRA/SIPC); BNY Jaywalk LLC; ConvergEx Global Markets Ltd. and Eze Castle Software LLC. BNY ConvergEx Group is an affiliate of The Bank of New York Mellon Corporation. Additional information is available at http://www.bnyconvergex.com/. DATASOURCE: BNY ConvergEx Group, LLC CONTACT: Margaret E. Farrell for BNY ConvergEx Group, +1-212-468-7708 Web Site: http://www.bnyconvergex.com/

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