Thursday, 31 July 2014
Last updated 7 hours ago
Apr 14 2010 | 11:50am ET
Prime brokerage firm NorthPoint Trading Partners and its new owner, ConvergEx Group, have rolled out an integrated prime services business.
The new model combines NorthPoint’s prime brokerage services and ConvergEx’s investment technologies, the firm said in a statement. NorthPoint clients will now have access to ConvergEx’s algorithmic trading strategies, agency liquidity services and execution desk, among other services.
“ConvergEx is known throughout the industry for its strong commitment to technological innovation and together we have deep insights into the needs of hedge funds. In fact, just between ConvergEx’s NorthPoint and Eze OMS businesses, we serve more than a half‐trillion dollars of hedge fund assets,” NorthPoint CEO Douglas Nelson said. “By offering a solution for virtually all of our clients’ needs, from start‐up services and capital introduction to advanced execution technologies, we have created a one‐stop shop that is truly unique in the marketplace and one that gives our clients a considerable edge
ConvergEx bought NorthPoint in November.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…