Bringing you live news and features since 2006 

Northern Trust launches Target2 Securities strategy

RELATED TOPICS​

Northern Trust has launched the Target2 Securities (T2S) strategy, designed to offer clients an enhanced range of asset safety holding structures, liquidity assurance and liquidity products.

To support this strategy, Northern Trust has selected Deutsche Bank AG and Euroclear SA/NV.
 
“T2S is a significant step forward in fostering greater efficiency and integration of Europe’s financial markets and reducing counterparty and settlement agent risk,” says Wilson Leech, head of Northern Trust in Europe, Middle East and Africa. “By appointing Deutsche Bank and Euroclear, Northern Trust is well positioned to support new centralised delivery-versus-payment settlement in central bank funds across European securities markets, on behalf of our clients.”
 
The European securities settlement system, T2S, aims to harmonise the securities settlement infrastructure in Europe, reducing costs of cross-border securities settlement and increasing competition amongst providers of post-trading services. It is expected to increase transparency and liquidity and promote asset safety.
 
Under the terms of the appointments, Northern Trust will establish direct market connectivity in a number of key European markets through Euroclear’s Investor Central Securities Depository (CSD) solution. Deutsche Bank will service the assets held in Northern Trust’s accounts directly at Euroclear’s Investor CSD.
 
“As the European securities settlement landscape continues to evolve, we are very pleased to have been selected by Northern Trust to provide an innovative solution that will enable them and their clients to capitalise on the new single market infrastructure,” says Satvinder Singh, head of institutional cash and securities services at Deutsche Bank. “This mandate reinforces our commitment to the success of T2S and our leadership position in Europe.”
 
“We are delighted that Northern Trust has appointed Euroclear as their central securities depository of choice to provide safe, efficient post-trade services with direct access to a number of key European securities markets," says Tim Howell, chief executive officer at Euroclear. "Euroclear's Investor CSD solution will ensure Northern Trust's clients benefit from enhanced transparency, access to liquidity and asset protection."

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by