NorthPoint Trading Expands To New Canaan, Chicago

Jan 22 2009 | 10:24am ET

Prime brokerage firm NorthPoint Trading Partners is expanding its operations with two new offices.

The firm recently expanded to New Canaan, Conn., and is slated to set up shop in Chicago this quarter.
Founded by former Neovest executives after the sale of Neovest to J.P. Morgan in 2004, NorthPoint Trading has experienced significant growth in clients and in its infrastructure over the last year.

"Many of our clients didn’t realize the tools or level of service available to them, and once they see a demo of our platform, they are easily convinced that we will be an asset their firm,” Douglas Nelson, chief executive officer, said. “We felt from the beginning that the way to build the best product for our clients was to assemble all of the best third parties into one integrated service, rather than attempt to build it all in house.  It is exciting to see our vision come to reality, as we feel confident that we offer the most advanced platform with the best service and support available in the industry today.”

NorthPoint also has offices in San Diego. The firm currently services over 100 hedge funds and mutual funds via its prime brokerage and agency trading capabilities, trading a broad range of investment vehicles including equities, options and futures.

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