New York-based ConvergEx is set to acquire prime brokerage business NorthPoint Trading Partners. With this acquisition, ConvergEx will offer small and medium sized hedge funds access to a range of prime brokerage services through NorthPoint's high-touch service model and established clearing and custody agreements. NorthPoint will continue to be based in Atlanta, and all of its clearing and custody arrangements, products, partnerships and projects will continue uninterrupted.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails
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