BNY ConvergEx Launches EMS

The main rollout of the new platform is slated for Oct. 1, says Joseph Velli, chairman and CEO of BNY ConvergEx Group. "We're currently in beta testing and will bring the first clients on in late July," he adds.

"We have three accounts scheduled for the first few weeks of the rollout, and all of the new accounts will go on this platform as well," says Tom Gavin, CEO of Eze Castle Software.

Velli agrees with the industry consensus that it's impossible to turn an OMS platform into an EMS. "That's

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