NorthPoint Trading Partners, a premier prime brokerage and fund services company, has announced that it has begun offering its clients the ability to utilise NorthPoint’s 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 third party research while upholding their fiduciary responsibility as far as best execution is concerned.
“We are pleased to be able to offer our clients the ability to utilise our services to pay for third party research,” says Douglas Nelson, CEO, NorthPoint Trading Partners. “CSA’s are a very efficient, inexpensive, and transparent way for managers to pay for independent research while getting the very best execution services available,” he adds.
Through a fully disclosed clearing relationship with Goldman Sachs Execution and Clearing (GSEC), NorthPoint Trading Partners’ 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. NorthPoint offers a package of direct access trading platforms, including REDIPlus