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NEW YORK--(BUSINESS WIRE)--Oct. 26, 2005--BNY Brokerage, a subsidiary of The Bank of New York and member of BNY Securities Group, has been ranked as the top broker for best execution in the "10% Most Difficult Trades" category for Exchange-listed stocks in Plexus Group's institutional investor survey. In addition, BNY Brokerage was ranked second in the "Most Illiquid Trades" category for small-cap Exchange-listed stocks.
Plexus Group, founded in 1986, is recognized within the financial services industry as a leading evaluator of institutional equity trading. Plexus Group reports the rankings from its Plexus Broker Universe, a transaction database compiled from trade data contributed by 125 investment managers and representing more than 800 brokers.
Carey S. Pack, president of BNY Brokerage Inc., said, "This ranking reflects our clients' appreciation of BNY Brokerage's full-value agency brokerage services, which encompass broker-assisted resources, as well as electronic trading through the DEx(SM) platform. As a leading agency broker, we are committed to providing institutional investors with all the resources of a full-service broker, minus the conflicts. We are gratified by this client recognition of our ability to provide best execution on their most difficult trades."
BNY Brokerage is a premier institutional agency brokerage firm that provides full-value brokerage solutions to institutional asset owners, asset managers, and broker-dealers worldwide. BNY Brokerage offers a full range of execution services, including specialized global transition management capabilities, commission management services, research and wholesale services. Additional information on BNY Brokerage is available at www.bnybrokerage.com
BNY Securities Group is the global agency brokerage, clearing and financial services outsourcing sector of The Bank of New York Company, Inc. It provides institutions, broker-dealers and corporations with a broadly diversified suite of services and "The Power of Choice" through multiple business models. Through its broad range of businesses, BNY Securities Group offers creative solutions in trade execution, commission management, independent research, securities clearing and financial services outsourcing. BNY Securities Group is the largest provider of commission management services, has 17 New York Stock Exchange seats, and offers global execution and clearing services in over 80 markets with offices in the U.S., Europe, Asia, and Australia. BNY Securities Group is an organization consisting of several broker-dealers and other companies. BNY Brokerage Inc. is a member of NYSE/NASD/SIPC.
The Bank of New York Company, Inc. (NYSE: BK - News) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.
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Contact:
For The Bank of New York
Kevin Heine, 212-635-1569
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