BNY ConvergEx Preps TCA Offering
The Web-based offering uses an Ajax interface, "which means it's easy to deploy and upgrade," says Carla Pellicano, vice president with BNY ConvergEx Group's financial engineering and advanced trading solutions (FEATS) unit.
The tick data used to feed the platform's analytics is integrated into the platform, says Pellicano, and is updated every five to 10 seconds.
Currently, the platform, which has been deployed to BNY ConvergEx's trading desks, supports the brokerage's 11 trading algorithms, but
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