Northern Trust Pushes for More Hands-On Execution with New FX Algo Suite
- The FX algo suite will enable users to control how their trades are executed, and access a select liquidity panel.
Northern Trust, a wealth and asset manager, has strengthened its foreign exchange (FX) offering with the implementation of a new set of client execution algorithms. The newly introduced algos will enable clients to better manage their FX exposure and trading capabilities through improved levels of flexibility and control, as well as Northern Trust’s Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent panel.
The London Summit 2017 is coming, get involved!
[gptAdvertisement]
The FX Algo Suite is Northern Trust’s latest addition to a diverse set of FX services that already includes the group’s end-to-end FX dealing service CompleteFX, portfolio hedging capabilities, share class hedging, automated income sweeps and custody trade tagging, and voice trading through some of the most actively utilized dealing desks in Chicago, London, and Singapore.
Take Control
The launch of Northern Trust’s FX Algo Suite is part of a broader industry push to empower market participants with greater levels of transparency and control over their respective trades. The ability of users to not only control how their orders are placed but also how their trades are executed represents one of the more versatile and hands-on approaches in the industry. This includes access to Northern Trust’s liquidity panel, which effectively aggregates pricing from a list of leading Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi across the globe.
In particular, the use of Northern Trust’s new custom execution algos will help clients mitigate the overall market impact on large orders, utilizing a systematic, rules-based process in a bid to offset their FX risk. The new algo suite also marks the group’s latest efforts to cede more control in the execution process to market participants, which it recognizes as an important measure in achieving the best levels of transparency.
Pete Cherecwich, President of Corporate & Institutional Services at Northern Trust, commented: “Clients want to be able to minimize uncertainty in their foreign exchange transactions, and Northern Trust is committed to helping them do that. By giving them the tools to manage their exposure, we have made foreign exchange dealing more efficient and transparent for our clients.”
“The real power of FX Algo Suite lies in Northern Trust's liquidity panel. 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,” explained Timothy Linehan, Senior Partner, Silchester International Investors.
Northern Trust, a wealth and asset manager, has strengthened its foreign exchange (FX) offering with the implementation of a new set of client execution algorithms. The newly introduced algos will enable clients to better manage their FX exposure and trading capabilities through improved levels of flexibility and control, as well as Northern Trust’s Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent panel.
The London Summit 2017 is coming, get involved!
[gptAdvertisement]
The FX Algo Suite is Northern Trust’s latest addition to a diverse set of FX services that already includes the group’s end-to-end FX dealing service CompleteFX, portfolio hedging capabilities, share class hedging, automated income sweeps and custody trade tagging, and voice trading through some of the most actively utilized dealing desks in Chicago, London, and Singapore.
Take Control
The launch of Northern Trust’s FX Algo Suite is part of a broader industry push to empower market participants with greater levels of transparency and control over their respective trades. The ability of users to not only control how their orders are placed but also how their trades are executed represents one of the more versatile and hands-on approaches in the industry. This includes access to Northern Trust’s liquidity panel, which effectively aggregates pricing from a list of leading Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi across the globe.
In particular, the use of Northern Trust’s new custom execution algos will help clients mitigate the overall market impact on large orders, utilizing a systematic, rules-based process in a bid to offset their FX risk. The new algo suite also marks the group’s latest efforts to cede more control in the execution process to market participants, which it recognizes as an important measure in achieving the best levels of transparency.
Pete Cherecwich, President of Corporate & Institutional Services at Northern Trust, commented: “Clients want to be able to minimize uncertainty in their foreign exchange transactions, and Northern Trust is committed to helping them do that. By giving them the tools to manage their exposure, we have made foreign exchange dealing more efficient and transparent for our clients.”
“The real power of FX Algo Suite lies in Northern Trust's liquidity panel. 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,” explained Timothy Linehan, Senior Partner, Silchester International Investors.