This new offering gives NorthPoint's clients access to sophisticated technologies that give a consolidated view of all intraday positions across all asset classes, all in real time. These tools allow clients to see their positions by sector, industry, asset attribution, delta and delta adjusted exposure, as well as by the highest and lowest performing securities. In addition, for hedge funds that use multiple clearing firms, this will allow portfolio managers and compliance officers to see all their positions and market risk in one place. These tools can be run from clients' desktops and are also available on compatible mobile and tablet devices.

"In the current environment, rigorous risk and P&L controls are no longer a nice-to-have. Today's investors demand the most accurate performance overview possible, regardless of the size of a hedge fund," said Douglas M. Nelson, chief executive officer of ConvergEx's NorthPoint Trading Partners. "The software that we are now offering is supported by the same technologists who developed the award-winning Eze OMS, which is trusted by the largest and most complex hedge funds in the world, so our clients can feel confident they are getting the most state-of-the-art products available."

Commenting on the announcement, Michael L. DeJarnette, president of ConvergEx's NorthPoint Trading Partners said: "Since joining forces with ConvergEx, we have dedicated ourselves to bringing our clients unique products and technologies. With this roll out, we are offering our clients yet another advanced service that historically has been harder for smaller and mid-sized hedge funds to access."