Harborside+ and Blackwatch partner for soft-dollar payments

PORTFOLIO MANAGEMENT AND TRADING

NEW YORK -- Harborside+, a New York-based trading execution service, has partnered with Macgregor’s soft-dollar brokerage unit Blackwatch to provide institutional clients with soft-dollar administration services. Buy-side firms can then make soft-dollar payments -- used by investment firms to cover costs of third-party research and services -- along with commissions generated through Harborside+. Companies can make soft-dollar payments to Blackwatch on a trade-by-trade basis, for which Harbo