Northern Trust launches FX Algo Suite
June 13, 2017

Northern Trust has announced today the launch of a suite of foreign exchange client execution algorithms that it says will allow clients to manage their foreign exchange exposure with an enhanced level of control and transparency.

It says 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 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 says its 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 programme.

"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."





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across globalcustody.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

Northern Trust has announced today the launch of a suite of foreign exchange client execution algorithms that it says will allow clients to manage their foreign exchange exposure with an enhanced level of control and transparency.

It says 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 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 says its 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 programme.

"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."



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site