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.”