PRESS RELEASE

ConvergEx Receives American Financial Technology Award for Real-Time Risk Application  

New York, NY – December 8, 2009 – ConvergEx, a premier provider of investment and execution technology solutions to institutional clients worldwide, today announced that it has been honored with an American Financial Technology Award (AFTA) for “Best Risk Analytics Initiative.” Hosted by Waters magazine, Dealing with Technology and Buy-Side Technology, the AFTAs recognizes industry excellence in the deployment and management of financial IT. The Best Risk Analytics Initiative award is given to the financial institution that has derived the greatest benefit from its risk analytic platform and demonstrated the use of new techniques for identifying and mitigating risks.   

ConvergEx was recognized for its real-time risk monitoring of its entire U.S. trading operations, which incorporates StreamBase Systems, Inc.’s complex event processing (CEP) software. The ConvergEx system uniquely monitors and detects patterns across multiple electronic trading venues. It correlates and understands risk profiles, alerts trading operations staff of potential issues and proactively adjusts routing decisions based on market conditions, all in real time.

“We are pleased to see that our commitment to innovation on behalf of our clients has been recognized by these market leading publications,” said Joseph Weisbord, a managing director at ConvergEx Group. “Our real-time risk monitoring allows us to manage all types of risk within our entire U.S. trading operations, and act to mitigate that risk. We constantly strive for excellence and are proud to receive this coveted award on behalf of our outstanding engineering team and our partners at StreamBase.”

“Real-time risk is becoming an essential element of modern trading infrastructure,” said Richard Tibbetts, chief technology officer for StreamBase. “Previous generations of risk management systems assessed risk at the end of the day; StreamBase allows risk to be assessed on a real-time basis, and more importantly, affords firms the opportunity to modify trading behavior before the chance to mitigate the risk has passed.”

For more information please contact:
Elizabeth Anderson
ConvergEx Group
+1 212-468-7713
EAnderson@bnyconvergex.com

About ConvergEx
BNY ConvergEx Group, LLC provides investment and execution technology solutions to institutional clients worldwide. The Company 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); NorthPoint Trading Partners, LLC (member FINRA/SIPC); Eze Castle Software LLC, and ConvergEx Research Solutions LLC, of which Jaywalk and Cogent Consulting are divisions.   Additional information is available at www.bnyconvergex.com. 

About StreamBase
StreamBase Systems, Inc, a leader in high-performance Complex Event Processing (CEP) provides software for rapidly building systems that analyze and act on real-time streaming data for instantaneous decision-making. 

StreamBase’s Event Processing Platform™ combines a rapid application development environment, an ultra low-latency high-throughput event server, and the broadest connectivity to real-time and historical data. Leading investment banks, hedge funds, and government agencies use StreamBase to power mission-critical applications that increase revenue, lower costs, and reduce risk. Applications in Capital Markets include FX Aggregation and Pricing, Smart Order Routing, Market Data Management and Algorithmic Trading. 

StreamBase customers include CME Group, ConvergEx Group, RBC Capital Markets, CMC Markets, PhaseCapital and BlueCrest Capital Management. The company is headquartered in Lexington, Massachusetts with offices in New York, Washington D.C. and London. For more information, visit www.streambase.com.