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October 25th, 2007 -Chicago Tribune: Northern Trust Corp.'s asset management arm, seeking to satisfy public pension funds and state legislators that are pushing for increased use of minority brokerage firms, has hired four Chicago-area minority- or female-owned brokers as trading partners. The four firms are: Cabrera Capital Markets LLC of Chicago, Loop Capital Markets of Chicago, M. Ramsey King Securities Inc. of Burr Ridge and Melvin & Co. of Chicago.
Chicago Sun Times, October 23, 2007-Northern Trust Expands Emerging Broker Program
Approved Trading Partners Include Minority- and Women-Owned Firms in Illinois, New York, Florida and California
Northern Trust announced today that its asset management arm, Northern Trust Global Investments (NTGI), has added seven emerging and minority/women-owned broker-dealers to its list of preferred equity trading partners, following a solicitation and due-diligence process aimed at expanding its emerging broker program.
The firms approved specifically for equity trading met requirements for execution capabilities, technology platforms, capital commitment and performance. They are:
Cabrera Capital Markets, LLC, Chicago
Guzman & Company, Coral Gables, Fla.
Loop Capital Markets, Chicago
M. Ramsey King Securities, Inc., Burr Ridge, Ill.
Melvin & Company, Chicago
Robert Van Securities, Inc., Oakland, Calif.
&Company, Inc., New York, N.Y.
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