Core Viewpoint - Northfield Capital Corporation has engaged Independent Trading Group to provide market-making services to enhance liquidity and maintain a reasonable market for its shares, pending regulatory approval [1][2]. Group 1: Engagement Details - The agreement with ITG includes a monthly compensation of CAD$5,000, with an initial term of six months and automatic one-month renewals unless terminated [2]. - Either party can terminate the agreement with a 30-day notice, and there are no performance factors or equity compensation involved [2]. Group 2: Company Background - Northfield Capital Corporation is a publicly traded investment firm with a focus on resources, mining, aviation, and premium alcoholic beverages, founded in 1981 [4]. - The company aims to foster growth and innovation in businesses that contribute to economic prosperity in Canada [4]. Group 3: ITG Overview - Independent Trading Group is a Toronto-based dealer-member specializing in market making, liquidity provision, and algorithmic trading solutions, established in 1992 [3]. - ITG utilizes proprietary technology to deliver high-quality liquidity and execution services to public issuers and institutional investors [3].
Northfield Capital Engages Independent Trading Group As Market Maker
Globenewswireยท2025-05-02 21:38