ConvergEx Tweaks NorthPoint Platform For Mutual Funds

New York-based ConvergEx Group's NorthPoint prime services and technologies business has enhanced the functionality of its mutual fund offering, allowing mutual funds to employ alternative investment strategies including shorts, options and futures.

The NorthPoint platform now features a number of ConvergEx-owned platforms, including the Eze OMS from its Boston-based Eze Castle Software subsidiary, and RealTick, a multi-broker, cross-asset electronic execution platform which it acquired in late 2010 from Barclays Bank.

The enhancements are designed to allow mutual funds to monitor their collateral needs and liaise with fund administrators and custodians to ensure those needs are met in a timely manner. This includes upgrading customers' current execution and reporting infrastructure to accommodate regulatory requirements and operational considerations.

NorthPoint will offer mutual fund clients help in navigating and securing tri-party agreements between funds, trust banks and clearing firms, ensuring the fund remains compliant with the Investment Company Act of 1940.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here