BNY ConvergEx Group Announces Record-Breaking Trading Volume Growth

NEW YORK, June 19 /PRNewswire-FirstCall/-- BNY ConvergEx Group, LLC, a
leading provider of global agency brokerage and investment technology
solutions, today announced that it has attained record-breaking equity trading
volume growth and market share through May 2008.
The increase in volume occurred across a number of different market
centers and other execution venues, and is best demonstrated by the doubling
of ConvergEx's average daily volume at the New York Stock Exchange since the
first of the year. ConvergEx also tripled its percentage of NYSE market share
during the same time frame, which has led to a significant move up the NYSE's
Broker Volume Top 10 rankings. The NYSE Broker Volume Top 10 provides a way to
identify the leaders in equity orderflow and lists the top 10 NYSE member
firms by volume.
Carey S. Pack, Chief Executive Officer, BNY ConvergEx Execution Solutions,
stated "Clients have become increasingly cognizant of the advantages of our
unique agency trading model because it allows us to put their needs first and
remain on firm ground no matter the current volatility of the markets. We have
integrated advanced trading technology with the knowledge and expertise of our
sales traders to create an execution platform that will help clients reach
their investment objectives, and it is gratifying to see that message
resonating throughout the marketplace."
"BNY ConvergEx Group's commitment to customers and to providing best
execution of their orders has been a catalyst to the firm's growing presence
in the industry and on the NYSE," said Larry Leibowitz, Group Executive Vice
President and Head of U.S. Execution & Global Technology, NYSE Euronext.
"ConvergEx has embraced change and new technology which, coupled with its
high-touch, high-tech service model, positions the firm very well in an
increasingly competitive marketplace. We value ConvergEx's increased
participation on the NYSE, which adds even more liquidity to the primary
market for NYSE-listed issues."
About BNY ConvergEx Group
BNY ConvergEx Group, LLC provides global institutional agency brokerage
and investment technology solutions to institutional clients worldwide. The
Company's key business lines -- Liquidity and Execution Management, Investment
Technologies and Intermediary and Clearing Services -- focus on a broad array
of services designed to deliver a comprehensive, integrated platform of
performance-driven, global multi-asset class trading capabilities. BNY
ConvergEx Group is comprised of the following businesses: BNY ConvergEx
Execution Solutions LLC (member NYSE/FINRA/SIPC), including BNY Global
Transition Management and LJR Recapture Services; LiquidPoint, LLC (member
CBOE/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC);
Westminster Research Associates LLC (member FINRA/SIPC); G-Trade Services LLC
(member FINRA/SIPC); BNY Jaywalk LLC; ConvergEx Global Markets Ltd. and Eze
Castle Software LLC. BNY ConvergEx Group is an affiliate of The Bank of New
York Mellon Corporation. (NYSE: BK). Additional information is available at
www.bnyconvergex.com.
SOURCE BNY ConvergEx Group, LLC

Patrick Phalon, BNY ConvergEx Group, LLC, +1-212-468-7713