The Bank of New York announced Friday that it will join with Eze Castle Software and the private equity firm GTCR Golder Rauner to launch a new company.
BNY ConvergEX Group, the new company, will focus on trade execution, order management and related services and will combine Bank of New York’s Securities Group and Eze Castle Software, which provides of trade order management and related investment technologies.
The company is expected to go live in late September 2006.