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About Cowen Execution Holdco LLC

Convergex positions itself at the point where technology and trading converge for institutional investors. Products include the Convergex execution management system and the LiquidPoint options technologies platform. It serves such clients as asset managers, hedge funds, broker-dealers, and financial intermediaries. Through subsidiary Westminster Research Associates the company offers broker-dealer services. Convergex was founded in 2006 as BNY Mellon's institutional execution business. The firm is owned by GTCR, a private equity firm.

Geographic Reach

Convergex operates from a dozen offices in major US cities and one in London.

Sales and Marketing

Convergex tallies some 3,000 customers such as investment advisers, hedge funds, mutual funds, plan sponsors, endowment funds, Taft-Hartley plans, sovereign wealth funds, trust banks, family offices, separately managed accounts, broker-dealers, exchanges and other marketplaces, alternative trading systems, and investment banks.


Convergex continually updates products and services with new features including the expansion of its futures execution and clearing services, and adding fully paid lending. A new 'stealth' small cap algorithm released in 2016 was designed to maximize liquidity in traditionally illiquid stocks.

The firm bolstered its European operations by expanding its London staff.

Convergex's owner, CTGR, merged Dash Financial, an options and equity trading technology developer, with LiquidPoint, Convergex's options trading and technology business. The new firm will be independent of Convergex.

Cowen Execution Holdco LLC

599 Lexington Ave FL 20
New York, NY 10022-7773
Phone: 1 (646) 562-1010

Firm Stats

Employer Type: Privately Owned
Vice Chairman and COO: Charles E. Rappold
Managing Director and Head of Electronic Execution, Convergex Execution Solutions: Oliver Sung
Chairman and CEO: Joseph M. Velli
Employees (This Location): 630
Employees (All Locations): 657

Major Office Locations

New York, NY

Other Locations

Orlando, FL
Valparaiso, IN
Iselin, NJ