Prime brokerage firm NorthPoint Trading Partners is expanding its footprint with a new office in Chicago.
Michael Ferro has been tapped to run the office, which will provide service and support to NorthPoint Trading's growing customer base in the region.
"As we continue to expand our presence nationwide, we are very fortunate to have someone with Michael's talent and experience join our team," said Douglas Nelson, chief executive officer of NorthPoint Trading.
A 12 year industry veteran, Ferro has held positions at Genworth Financial, Knight Capital Markets and X-Change Financial Access. He is experienced in both the trading and operations aspects of the buy- and sell-sides.
Earlier this year, Atlanta-based NorthPoint Trading opened an office in Connecticut. 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.