NWT offers clients a way to reduce trade-related expenses, increase technology capacity, and trade anonymously without signaling intentions to competitor's trading desks, thus offering a quiet way to rapidly move in and out of your names while simultaneously lowering total commissions.

NWT allows you to do all this while paying a low per-share charge, with no hidden costs for platform, support, or technology. Also, we provide you with access to algorithms and other third party execution and order management tools. NWT Financial can work with a hedge fund manager in number of ways by providing a suite of value-added institutional services to facilitate their needs:

• Detailed Reporting - Easy to understand and customizable statements; accurate reporting of fills, cancels and rejects; timely fill reports and status on open orders; timely position reports; efficient processing of wires, deposits, withdrawals as well as accurate reporting of account balances, commissions and fees.

• Prime Brokerage Solutions - Access to prime brokerage services through our affiliate clearing firms Merrill Lynch-Broadcort and Penson Financial.

• Automated Front-End Solutions - Maximum trading efficiency with the most advanced array of front-end solutions for timely execution across multiple asset classes and markets.

• Black Box Hosting - Host your black box system in our affiliate off-site data centers for maximum speed, redundancy and efficiency and more reliable exchange connectivity and execution.

• Black Box Programming - Access to programmers that can assist your institution with black box hosting, black box programming, algorithmic strategy development, strategy automation and back testing.

• Multiple layers of integrated technical support - Full tier-1 support through our network or EMS and DMA platform providers.

• Global News & Research - Access to proprietary and institutional research through Merrill Lynch institutional services division.

• Risk Management - Ability to monitor trading activities and overall market trends to effectively measure and manage risk, creating an environment where capital is secure and available for use by our clients.

Looking to avoid paying full commissions to execute highly liquid and heavily traded names? NWT can offer competitive rates regardless of what your prime brokers would charge you per ticket. We can offer a rate that makes NWT a competitively priced alternative in an environment of unbundled commissions and dwindling options to trade independently.