Northern Trust Launches ‘FX Algo Suite’ Providing Greater Transparency into Foreign Exchange Execution
June 13 2017 - 4:00AM
Business Wire
Suite of Algorithms, Liquidity Panel and Fee
Structure Combine to Disrupt Conventional Foreign Exchange
Market
Northern Trust announced today the launch of a suite of
sophisticated foreign exchange client execution algorithms that
will allow clients to manage their FX exposure with an enhanced
level of control and transparency.
The FX Algo Suite gives clients greater flexibility in how their
orders are placed and allows them to access highly competitive
pricing through Northern Trust’s innovative liquidity panel. The
liquidity panel aggregates pricing from a list of leading liquidity
providers across the globe, while the custom execution algorithms
allow clients to minimize market impact on large orders and utilize
a systematic, rules-based process to offset their FX risk.
“The real power of FX Algo Suite lies in Northern Trust's
liquidity panel,” said Timothy Linehan, Senior Partner, Silchester
International Investors. “We have seen competitive quotes and
narrower spreads without a corresponding increase in counterparty
exposure, balance sheet risk or operating complexity for Silchester
and its clients.”
Northern Trust’s transaction reporting provides clients with a
clear view into how their orders are handled. This post-trade
execution analysis, coupled with a transparent and explicit fee,
allows clients to gain a more holistic and detailed view of their
FX program.
“Clients want to be able to minimize uncertainty in their
foreign exchange transactions, and Northern Trust is committed to
helping them do that,” said Pete Cherecwich, president of Corporate
& Institutional Services at Northern Trust. “By giving them the
tools to manage their exposure, we have made foreign exchange
dealing more efficient and transparent for our clients.”
More information about FX Algo Suite and Foreign Exchange
services at Northern Trust can be found at
www.northerntrust.com/fxalgosuite.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has offices in the
United States in 19 states and Washington, D.C., and 22
international locations in Canada, Europe, the Middle East and the
Asia-Pacific region. As of March 31, 2017, Northern Trust had
assets under custody of US$7.1 trillion, and assets under
management of US$1 trillion. For more than 125 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit
northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at https://www.northerntrust.com/disclosures.
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Northern Trust, North AmericaMedia Contact:John O’Connell+1
(312) 444-2388John.O'Connell@ntrs.comorNorthern Trust, EMEA &
APACMedia Contact:Camilla Greene+44 (0) 20 7982
2176Camilla.Greene@ntrs.comhttp://www.northerntrust.com
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