Northpoint offers Commission Sharing Arrangements to Clients
Tuesday, December 26, 2006 : PermalinkHedgeCo Networks – NorthPoint Trading Partners LLC, a premier prime brokerage and fund services company, has today announced that it has begun offering its clients the ability to utilize NorthPoint’s world class trading and execution services to pay for a wide variety of global research services through Commission Sharing Arrangements (CSA’s).
CSA’s are a way to unbundle execution costs from research costs. They are seen by many as a more transparent way for asset management companies to pay for 3rd party research while upholding their fiduciary responsibility as far as best execution.
“Having built our reputation as a premier execution desk, we are pleased to be able to offer our clients the ability to utilize our services to pay for 3rd party research. CSA’s are a very efficient, inexpensive, and transparent way for managers to pay for independent research while maintaining their comfort level that they are getting the very best execution services available.†said Douglas Nelson, Chief Executive Officer of NorthPoint Trading Partners, LLC.
NorthPoint Trading Partners LLC
NorthPoint Trading Partners, LLC offers a complete package of direct access trading platforms, including REDIPlus®, GSEC’s multi-product electronic trading platform that allows clients to trade across different markets and asset classes – from equities to options, to foreign exchange.
Through a fully disclosed clearing relationship with Goldman Sachs Execution and Clearing, L.P. (GSEC), clients receive the benefits of boutique firm service and pricing, combined with GSEC’s professional clearing and prime brokerage services, integrated portfolio and trading functionality, suite of pre- and post-trade analytics, and direct access to the Goldman Sachs & Co.’s securities lending group.
In addition to electronic trading platforms, customers have access to a staff of experienced traders that have worked together for years and are very accessible and professional. For more information visit: http://www.nptradingpartners.com/index.html.
