ConvergEx Announces Record Growth for NorthPoint in 2010
21 January 2011 New York
Image: Shutterstock
ConvergEx Group has announced that NorthPoint Trading Partners grew at a record pace in 2010, one year since ConvergEx acquired the prime services business.
During a time when there was a great deal of consolidation in the prime services space, NorthPoint’s revenues were up over 50 per cent and its clients’ AUM grew by nearly 25 per cent, year over year.
“These results are a testament to the powerful combination that was formed when ConvergEx and NorthPoint teamed up. Very shortly after the acquisition, we were able to give our clients access to ConvergEx’s broad range of proprietary technologies, making NorthPoint’s offering the most comprehensive in the prime services industry,” said Douglas Nelson, chief executive officer of NorthPoint Trading Partners.
“And as ConvergEx continues to roll out more technologies like the recently acquired RealTick® execution platform or the real‐time portfolio margining software from LDB Consulting, NorthPoint’s clients can look forward to having an even greater number of state‐of-the‐art tools at their disposal.”
“Throughout this rapid growth, we have remained committed to maintaining the highest level of customer service and have increased our staff to keep pace,” said Michael DeJarnette, president of NorthPoint Trading Partners. “This means our clients get the advantage of working with one team, while having access to technologies that offer a substantial edge.”
During a time when there was a great deal of consolidation in the prime services space, NorthPoint’s revenues were up over 50 per cent and its clients’ AUM grew by nearly 25 per cent, year over year.
“These results are a testament to the powerful combination that was formed when ConvergEx and NorthPoint teamed up. Very shortly after the acquisition, we were able to give our clients access to ConvergEx’s broad range of proprietary technologies, making NorthPoint’s offering the most comprehensive in the prime services industry,” said Douglas Nelson, chief executive officer of NorthPoint Trading Partners.
“And as ConvergEx continues to roll out more technologies like the recently acquired RealTick® execution platform or the real‐time portfolio margining software from LDB Consulting, NorthPoint’s clients can look forward to having an even greater number of state‐of-the‐art tools at their disposal.”
“Throughout this rapid growth, we have remained committed to maintaining the highest level of customer service and have increased our staff to keep pace,” said Michael DeJarnette, president of NorthPoint Trading Partners. “This means our clients get the advantage of working with one team, while having access to technologies that offer a substantial edge.”
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