Bringing you live news and features since 2006 

Computer screen

ConvergEx releases new commission management platform


ConvergEx Group’s Westminster Research Associates has released a new Commission Management Platform with enhanced navigation, usability and design features.

“We are pleased to provide our clients with a powerful new web-based solution to manage their CSA business,” says Dan Sheehan, head of operations for Westminster. “Many of the features incorporated into our new offering have been driven by client demand and the need to have more robust workflow controls in place.”
In addition to improving the look, feel and overall ease of use of Westminster’s patented CSA platform, a number of workflow and efficiency improvements have been added including:
• Streamlined CSA ‘click to pay’ functionality;
• Additional approval queues, allowing clients to create multi-step authorisation processes within their own workflow;
• Easy upload and transmission of invoice and broker vote files to Westminster; and
• Improvements to statements, account snapshots, invoice approval and trade detail queues.  

To complement these client facing enhancements, upgrades were also made to Westminster’s internal supporting applications including faster servers and workflow tools. 
“As the use of CSAs and CCAs continues to grow, the need to expand our on-line CSA management capabilities has become paramount,” said Tim O’Halloran, co-president of Westminster.  “Our clients rely on Westminster for timely access to their research and trading data, as well as for the service, expertise and experience of our team.  With research and execution becoming more unbundled, a comprehensive commission management solution has become integral to the investment management community.” 

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by