ConvergEx Group Releases New Offering For Hong Kong Short Position Reporting Requirements
HONG KONG and NEW YORK, May 7, 2012 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced the launch of a new offering for its award-winning order management system, the Eze OMS™, to address Hong Kong's Securities and Futures Commission's (SFC) recently issued requirements for disclosing net short positions.
The new offering gives Eze OMS customers a centralized solution to streamline reporting requirements. It automatically imports the SFC's list of specified companies that require short sale disclosure and generates a report for relevant short positions. Eze Compliance users also have the option to configure a rule to alert them when positions need to be disclosed.
"We have always maintained that it is critically important for us to help our customers prepare for regulatory and compliance changes in a timely manner by providing robust and flexible solutions that streamline labor-intensive regulatory reporting processes," said R.G. Manalac, managing director of Asia Pacific Consulting for ConvergEx's Eze Castle Software. "The Eze OMS possesses an unparalleled level of configurability that allows us to put in place the necessary structures so that we can respond to these changes quickly and effectively."
The award-winning Eze OMS leverages a real-time open architecture to streamline the investment cycle for all asset classes – from idea generation through settlement. The Eze OMS provides functionality to support portfolio management, compliance, trading and operations in a single platform.About ConvergEx Group ConvergEx Group is a leading technology company providing mission-critical proprietary software products and technology-enabled services to asset managers and financial intermediaries globally. Its products and services span the investment life cycle and are designed to enable customers to achieve improved results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves customers accessing over 100 global markets. Formed in 2006, the firm has over 1,200 employees in 22 locations throughout the U.S., Europe, Asia, Australia and Africa. ConvergEx Group includes ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC); LiquidPoint, LLC (member CBOE/SIPC); G-Trade Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); ConvergEx Prime Services LLC (member FINRA/SIPC); Eze Castle Software LLC; RealTick LLC; ConvergEx Solutions LLC, of which Cogent Consulting, ConnEx, Jaywalk and LDB are divisions; ConvergEx Limited in the UK and Australia; and ConvergEx Asia Pacific Limited in Hong Kong. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC. Additional information is available at www.convergex.com. Contact: Elizabeth Anderson EAnderson@convergex.com 212.468.7713 SOURCE ConvergEx Group
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