Wednesday, 24 December 2014
Last updated 11 hours ago
May 16 2013 | 10:02am ET
Trading software specialist ConvergEx Group has launched a new tax liability tool.
The Tax Optimizer helps customers better understand and customize their tax lot closing methods, allowing them to itemize their capital gain and loss allocations in a more efficient manner.
“We maintain a constant effort to offer products that stay one step ahead of our customers’ needs,” said Douglas M. Nelson, chief executive officer of ConvergEx Prime Services. “While the 2013 tax reporting season may seem like a far off event, customers would be wise to begin planning for it now so they are fully prepared come next April.”
This new tool gives customers the ability to run what-if scenarios to see how different closing methods might affect their tax liability. A comparative gain loss report offers detailed explanations of the variances in the closing methods and lets customers choose the most efficient closing methods for their specific funds. By using these various tax accounting methods, customers have the ability to maximize their net returns by minimizing their tax liability.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.