BNY CONVERGEX, THOMSON REUTERS FORM DATA AND BROKERAGE ALLIANCE

Posted September 4, 2008

NEW YORK – BNY ConvergEx Group LLC, a provider of global agency brokerage and investment technology solutions, today has entered an alliance with Thomson Reuters to provide its clients access to BNY ConvergEx execution and liquidity management capabilities. As part of the agreement, Thomson Reuters will become a preferred market data provider for ConvergEx clients, and ConvergEx will become a preferred broker for Thomson Reuters clients.

“Thomson Reuters delivers to customers unparalleled industry expertise, combined with innovative technology – this is our focus,” says Chris Perry, President, Thomson Reuters Americas Markets Division. “ConvergEx, with its leading trading technology solutions, substantially extends our ability to further deliver value to clients through content, analytics and market liquidity solutions.”

ConvergEx delivers multi-asset class strategies and tools for world-class execution on every major exchange, connectivity to global markets, and anonymous sourcing of deep liquidity. The alliance will also allow Thomson Reuters clients to draw on ConvergEx’s commission management and research solutions.

"Thomson Reuters is a recognized leader in providing world-class financial information products to the institutional investor community and we are very excited about the many significant benefits that this partnership is going to bring to our clients,” says Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group.