NorthPoint Clients Gain Access To ConvergEx's Institutional-Strength Technologies

Feb 24 2010 | 4:13pm ET

ConvergEx Group, a provider of investment and execution technology solutions for institutional clients, has announced that clients of the firm’s prime brokerage business, NorthPoint Trading Partners, now have access to ConvergEx’s institutional strength commission management technologies and soft dollar services. 

“Since joining the ConvergEx family, NorthPoint’s clients are beginning to see a tremendous expansion of the technology and investment services that are available to them,” said Douglas Nelson, chief executive officer of NorthPoint. “By rolling out ConvergEx’s industry-leading commission management technologies to our clients, we are providing immediate access to state-of-the-art commission management reporting and administration as well as enhanced security for their commission balances.”

ConvergEx is one of the largest providers of commission management services to the investment community. In November, the ConverEx acquired NorthPoint for an undisclosed sum.

“We’re pleased to offer our complete suite of neutral, anonymous and transparent services to NorthPoint’s clients,” said John Meserve, executive managing director of ConvergEx Group. “Our team of experts has in-depth knowledge of the key issues affecting clients and the tools we provide will simplify and manage their commission workflow from broker vote all the way through third-party payments.”


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.