Northfield Capital Partners with ITG to Enhance Market Trading

Author: Kelly Martin Updated: 05-02-2025 05:45 PM

Northfield Capital Engages ITG for Market-Making

Northfield Capital Corporation (TSX-V: NFD.A), a Canadian investment company, has made an exciting announcement regarding the enhancement of its market operations. The firm has engaged Independent Trading Group (ITG) to provide market-making services, pending regulatory approval. This collaboration aims to improve the liquidity of Northfield's shares and provide a more stable trading environment on the TSX Venture Exchange (TSXV).

Objectives of the Partnership

The primary goal of this partnership is to ensure that there is a reasonable market for Northfield Capital's shares, thereby offering investors increased access and stability. ITG will perform trades on the TSXV and other trading venues, which is crucial for maintaining an active market presence.

Market-Making Agreement Details

The agreement with ITG includes a monthly compensation of CAD$5,000, which will be paid in advance. The initial term of the contract spans six months, with provisions for automatic renewal on a month-to-month basis unless either party opts to terminate the agreement. Moreover, ITG will not receive any equity stakes or performance-based rewards, ensuring a wholly transparent and arms-length agreement.

Understanding ITG's Expertise

Independent Trading Group is not a new name in the financial landscape. Operating out of Toronto since 1992, ITG specializes in providing market-making services, liquidity provision, agency execution, and advanced algorithmic trading solutions. Their expertise in trading structures and execution has made them a valuable ally for public issuers and institutional investors seeking to optimize their trading strategies.

Northfield Capital's Mission and Operations

Founded in 1981 by Robert D. Cudney, Northfield Capital Corporation has positioned itself as a leader in investment across diverse sectors including resources, mining, aviation, and premium alcoholic beverages. The firm’s strategies focus on unlocking new opportunities and fostering growth, aiming to enhance economic prosperity in Canada.

Continuous Growth and Development

Northfield remains committed to innovative approaches that enhance its investment portfolio and provide substantial returns. Following the agreement with ITG, the company is seeking to leverage this partnership to enhance its market presence further while continuing to explore new avenues for expansion and collaboration.

Contact Information for Inquiries

For any questions or further information, industry professionals or interested parties can reach out to:

Michael G. Leskovec, CPA, CA
Chief Financial Officer
Email: info@northfieldcapital.com
Telephone: (416) 628-5940

Frequently Asked Questions

1. What is the main purpose of the partnership with ITG?

The partnership primarily aims to improve market liquidity for Northfield Capital's shares and establish a stable trading environment on the TSXV.

2. How much will ITG be compensated for its services?

ITG will receive CAD$5,000 per month for its market-making services, paid monthly in advance.

3. Can either party terminate the agreement with ITG?

Yes, the agreement can be terminated by either party with a 30-day notice provided to the other party.

4. What sectors does Northfield Capital operate in?

Northfield Capital invests in a variety of sectors including resources, mining, aviation, and premium alcoholic beverages.

5. Who can be contacted for further information about Northfield Capital?

Michael G. Leskovec, Chief Financial Officer, can be contacted via email or at the provided telephone number for inquiries.

About The Author

Hello Kelly Martin here, a financial and publicly traded company specialist committed to writing with clarity and sage advice. Having a wealth of experience and a thorough grasp of corporate dynamics and the financial environment, my main goal in writing blog posts and articles is to provide insightful analysis together with useful guidance. My objective is to arm readers with the information they need to comprehend the complexities of publicly traded companies and make wise financial decisions.

Writing for several financial blogs has let me interact with a wide range of readers, from novice investors to seasoned pros looking for fresh perspectives. My goal is to make corporate analysis and finance understandable and interesting so you may confidently negotiate the intricacies of the financial world. I appreciate you traveling with me toward success and financial literacy.

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