Northern Trust to launch FX trading engine in Singapore
As part of a scheme by the Monetary Authority of Singapore, Northern Trust is the latest major bank to launch an eFX trading and pricing engine in the region.
As part of a scheme by the Monetary Authority of Singapore, Northern Trust is the latest major bank to launch an eFX trading and pricing engine in the region.
The new client wins signify a growing acceptance among asset managers to use custodians for a range of front-office services.
Northern Trust will be responsible for equity and fixed income trading, as well as, middle office trade settlement support for the $12 billion asset management firm.
Northern Trust has won a unique servicing mandate from US hedge fund Strategic Global Advisors, where it will provide middle-office outsourcing and FX dealing.
Landmark move in the institutional crypto space as Northern Trust and Standard Chartered collaborate on missing piece of the puzzle for investors eyeing digital assets.
COVID-19 crisis is accelerating outsourcing among asset managers who face a myriad of additional challenges such as competition, fee pressure and regulation.
Front-office unit continues to grow in clients and personnel as Northern Trust bolsters team.
Survey of 300 global asset managers by Northern Trust found 85% have outsourced or are interested in outsourcing their trading desk.
Northern Trust has created a service to cover all points of the investment lifecycle with landmark BlackRock partnership a key component of the plan.
The new solution designed in partnership with Lumint will enable greater oversight of thoughts of daily data points in the currency management lifecycle.