Tuesday, 21 October 2014
Last updated 9 hours ago
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.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...