Chicago-based LiquidPoint is an agency-based registered broker-dealer that specializes in derivatives execution management technology and brokerage services for listed options and equities. The company is responsible for routing and/or executing over 22% of the daily listed options trading volume in the US.
LiquidPoint’s premier product, the HEAT System, is an advanced trading product for electronic order entry, routing and execution management, providing access to all US options exchanges from a single desktop application.
The acquisition of LiquidPoint will significantly enhance the BNY ConvergEx Group franchise by positioning the firm to take advantage of the fast-growing electronic options marketplace.
The buy also creates opportunities to integrate LiquidPoint’s technologies into the Eze Castle Software OMS platform to further enhance its multi-asset class trading workflow.
LiquidPoint will continue to be managed as a separate company within BNY ConvergEx Group. In addition, as part of the transaction, LiquidPoint’s management team will make a substantial investment in BNY ConvergEx Group.
