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ConvergEx launches dedicated ETF desk

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ConvergEx, a provider of investment and execution technology solutions to institutional clients, has expanded its exchange-traded fund capabilities by launching a dedicated ETF desk.  

Led by ConvergEx managing director Thomas Smykowski, the ConvergEx ETF team will use the resources from across the firm to provide a set of tools for clients, including a new emphasis on block crossing ETFs within ConvergEx Cross, its dark block trading platform.
 
“While ConvergEx has always offered our clients the ability to trade ETFs, this new desk will expand our footprint in the ETF space and give clients access to a comprehensive global offering,” says Smykowski. “Leveraging our proprietary technologies and extensive experience in portfolio, block and options execution strategies, we will provide clients with specialised analysis and customised approaches for trading ETFs.”
 
As an added resource to clients, ConvergEx chief market strategist Nicholas Colas has begun publishing weekly ETF market reports, which provide commentary on economic and global market trends affecting ETFs.   
 
“ETFs have experienced steady and impressive levels of growth over the past several years and our clients have expressed an increasing amount of interest in these products,” says Colas. “However, with the large number and more complex ETFs being introduced to the marketplace, our clients appreciate this additional market colour along with the knowledge of our seasoned ETF traders to help them make trading decisions.”

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