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Northern Trust Peter Cherecwich

Northern Trust launches FX Algo Suite

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Northern Trust has launched a suite of foreign exchange client execution algorithms designed to 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 minimise market impact on large orders and utilise a systematic, rules-based process to offset their FX risk.

“The real power of FX Algo Suite lies in Northern Trust’s liquidity panel,” says 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 minimise uncertainty in their foreign exchange transactions, and Northern Trust is committed to helping them do that,” says Pete Cherecwich (pictured), 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.”

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