BNY Brokerage Provides Access to Trading Algorithms through Bloomberg Professional Service.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- BNY BNY Bank of New York Brokerage, a subsidiary of The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. and member of BNY Securities Group, has integrated its algorithmic trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of tools with the Bloomberg Professional(R) service, a leading interactive financial news, data and analytics service. The integration allows Bloomberg users to access BNY Brokerage's proprietary algorithmic trading strategies directly through Bloomberg's Execution Management System (EMS) and control the individual parameters of each algorithm. Clients also benefit from the expertise of BNY Brokerage's trading and technology staff, which periodically evaluates the performance and effectiveness of its algorithmic tools to help clients minimize market impact and optimize their trade execution. Bloomberg's EMS reaches more than 260,000 financial professionals in 125 countries. Carey S. Pack, president of BNY Brokerage Inc., said, "Offering BNY Brokerage's algorithms through Bloomberg reflects our continued commitment to providing our buy-side clients with the widest range of tools, giving them the flexibility and choice in how to work their orders. Our clients already enjoy the benefits of our proprietary algorithms through our unconflicted dedicated agency trading desk Trading Desk A desk where transactions for buying and selling securities occur. Trading desks can be found in most organizations (banks, finance companies, etc.) involved in trading investment instruments such as equities, fixed-income securities, futures, commodities and foreign , as well as through our direct market access platform, DEx, which is accessible from all of the major order management systems." Ken Cooper Ken Cooper is a Canadian politician who was the Conservative Party candidate for St. Boniface riding in the 2004 and 2006 federal elections Cooper has a degree in Civil Engineering from the University of Manitoba, and a Master's Degree in business administration from the , global business manager for trading systems at Bloomberg, said, "Bloomberg is pleased to help our users consolidate their trading activity by accessing from EMS the tools they value most, such as BNY Brokerage's algorithms. The Bloomberg Professional service offers EMS trading, order analytics, IOI IOI - International Olympiad in Informatics matching engines and real time TCA TCA 1. trichloroacetic acid. 2. tricarboxylic acid cycle (Krebs cycle). TCA Tricyclic antidepressant, see there , tools that add tremendous value to our mutual clients." BNY Brokerage is a premier institutional agency brokerage firm that provides full-value brokerage solutions to institutional asset owners, asset managers, and broker-dealers worldwide. BNY Brokerage offers a full range of execution services, including specialized global transition management capabilities, commission management services, research and wholesale services. Additional information on BNY Brokerage is available at www.bnybrokerage.com. BNY Securities Group is the global agency brokerage, clearing and financial services outsourcing sector of The Bank of New York Company, Inc. It provides institutions, broker-dealers and corporations with a broadly diversified suite of services and "The Power of Choice" through multiple business models. Through its broad range of businesses, BNY Securities Group offers creative solutions in trade execution, commission management, independent research, securities clearing and financial services outsourcing. BNY Securities Group is the largest provider of commission management services, with a significant presence on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , and offers global execution and clearing services in over 80 markets with offices in the U.S., Europe, Asia and Australia. BNY Securities Group is an organization consisting of several broker-dealers and other companies. BNY Brokerage Inc. is a member of NYSE/NASD/SIPC. The Bank of New York Company, Inc. (NYSE NYSE See: New York Stock Exchange : BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets Financial assets Claims on real assets. in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com. DEx and BNY Brokerage are service marks of BNY Brokerage Inc. |
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