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PROPRIETARY ATSs
Operating two unique alternative trading systems (ATSs), ConvergEx is positioned to offer both buy-side and sell-side customers anonymous access to diverse and deep order flow. These industry-leading, proprietary technologies seek to improve overall execution quality by reducing information leakage, market impact and execution expenses. With combined liquidity from multiple ATSs, our customers benefit from our customer-focused independent model and from a diversity of execution options in today's modern electronic marketplace.
MillenniumSM ATS: As a pioneer in dark pool execution, the Millennium ATS is one of the most comprehensive continuous ATSs in the U.S. equity market. As the first and leading dark pool, the Millennium ATS aggregates liquidity in over 6,000 symbols daily. Regardless of trade size, orders are always invisible and partners anonymous, enabling customers to take advantage of reduced transaction costs.
VortEx®: Combining state-of-the-art technology with diverse sources of non-displayed liquidity, VortEx is our high-speed continuous dark pool. VortEx resting orders enable customers to access hidden liquidity over the course of the entire trading day, helping to maximize execution probability. With newly enhanced and optimized technology, VortEx offers lightening fast crossing with near zero latency processing and messaging speeds.
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