NorthPoint Trading Partners, a provider of prime brokerage services, has opened an office in Chicago to further expand its presence in the area. 

NorthPoint Trading Partners, a provider of prime brokerage services, has opened an office in Chicago to further expand its presence in the area. 

Michael Ferro has been tapped to run the office, which will provide service and support to NorthPoint's growing market share in the region.

'As we continue to expand our presence nationwide, we are very fortunate to have someone with Michael's talent and experience join our team,' says Douglas Nelson, chief executive officer of NorthPoint Trading Partners. 

Atlanta-based NorthPoint opened also opened an office in Connecticut earlier in the year.

A 12 year industry veteran, Ferro has held positions at Genworth Financial, Knight Capital Markets, and X-Change Financial Access. He is experienced in both the trading and operations aspects of the buy and sell side.