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ConvergEx Completes Acquisitions of RealTick and LDB Consulting

Citing its global reach and independence, ConvergEx vows to use and expand RealTick and LDB's technologies in innovative ways.

ConvergEx Group said today it completed its acquisition of RealTick, electronic execution platform from Barclays Bank PLC. In addition, the company said it has completed its acquisition of LDB Consulting Inc. Financial terms were not disclosed for either transaction.

“We are very excited about these two acquisitions and we look forward to using and expanding RealTick and LDB’s technologies in innovative ways,” said Joseph M. Velli, chairman and CEO of ConvergEx Group. “With the close of these deals, we have added to our already attractive product offering. Our global reach and fully independent stance is unique in the industry and we believe it gives our clients a tremendous edge.”

As one of the industry’s leading global multi-broker, cross-asset trading platform, RealTick offers an “easily deployable and completely broker-neutral execution platform,” stated the company’s release. RealTick’s technology integrates seamlessly into almost any trading style and offers sophisticated features that enable traders to simplify their daily workflow, the company stated.

LDB Consulting specializes in developing software that assists in the computation and optimization of capital charges, including security haircuts and margins. LDB’s software suite performs various calculations, including: optimized charges for equities, listed derivatives, baskets and OTCs; portfolio margining; and haircuts for fixed income asset types. LDB’s software also calculates repurchase and reverse repurchase agreement charges, taking advantage of allowable relief.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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