Northern Trust Goes Live with its CompleteFX Platform
- CompleteFX is a customizable service and technology platform that supports FX transaction processing and execution capabilities.
Northern Trust (Nasdaq: NTRS) has launched CompleteFX, a stand-alone foreign exchange (FX) product for investment managers that streamlines Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term options, leveraged infrastructure, and technology across the group’s global custody and asset servicing, according to a Northern Trust statement.
CompleteFX is a customizable service and technology platform that supports FX transaction processing and execution capabilities – the service aggregates the operational suite of Northern Trust’s Global Fund Services infrastructure with the market and execution expertise FX group. The CompleteFX product will cater to investment managers that will aim to provide several functions, including:
- Transmission of instructions from client to provider
- Translation of instructions into FX transactions, including optional broker matching services
- Customized trading program across a full block of accounts
- Trade settlement and detailed transaction reporting
Using CompleteFX, client trades flow seamlessly across Northern Trust’s integrated global operating platform, using a fully automated, straight through process. The platform supports flexible order routing and trading options, allowing clients to maintain discretion around the netting of FX transactions, as well as the timing and method of execution.
According to Dan Houlihan, Head of Global Fund Services in North America at Northern Trust, in a recent statement on the launch: “With more than 35 years of foreign exchange experience, Northern Trust understands the resource demands and global presence required to provide investment managers operational efficiency and flexibility in FX execution. With global market growth and Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, managers need a solution that allows them to focus on core strategies, while knowing that currency trade execution aligns with their investment objectives. By enhancing our outsourced FX solution, we deliver in the critical areas of scale, reach, reporting and innovation.”
“As investment managers pursue their strategies, they are faced with unique operational and market complexities in the management of foreign exchange risk. CompleteFX allows investment managers to outsource their FX processing and execution by taking advantage of the options we offer,” added John Turney, Head of Outsourced Foreign Exchange Solutions at Northern Trust, in an accompanying statement.
Northern Trust (Nasdaq: NTRS) has launched CompleteFX, a stand-alone foreign exchange (FX) product for investment managers that streamlines Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term options, leveraged infrastructure, and technology across the group’s global custody and asset servicing, according to a Northern Trust statement.
CompleteFX is a customizable service and technology platform that supports FX transaction processing and execution capabilities – the service aggregates the operational suite of Northern Trust’s Global Fund Services infrastructure with the market and execution expertise FX group. The CompleteFX product will cater to investment managers that will aim to provide several functions, including:
- Transmission of instructions from client to provider
- Translation of instructions into FX transactions, including optional broker matching services
- Customized trading program across a full block of accounts
- Trade settlement and detailed transaction reporting
Using CompleteFX, client trades flow seamlessly across Northern Trust’s integrated global operating platform, using a fully automated, straight through process. The platform supports flexible order routing and trading options, allowing clients to maintain discretion around the netting of FX transactions, as well as the timing and method of execution.
According to Dan Houlihan, Head of Global Fund Services in North America at Northern Trust, in a recent statement on the launch: “With more than 35 years of foreign exchange experience, Northern Trust understands the resource demands and global presence required to provide investment managers operational efficiency and flexibility in FX execution. With global market growth and Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, managers need a solution that allows them to focus on core strategies, while knowing that currency trade execution aligns with their investment objectives. By enhancing our outsourced FX solution, we deliver in the critical areas of scale, reach, reporting and innovation.”
“As investment managers pursue their strategies, they are faced with unique operational and market complexities in the management of foreign exchange risk. CompleteFX allows investment managers to outsource their FX processing and execution by taking advantage of the options we offer,” added John Turney, Head of Outsourced Foreign Exchange Solutions at Northern Trust, in an accompanying statement.