Bringing you live news and features since 2006 

Northern Trust’s celebrates BondBloxx’s growing fixed income ETF business

RELATED TOPICS​

Northern Trust has written that it is ‘a proud provider of outsourced trading services to BondBloxx, an issuer of precision fixed income ETFs who recently surpassed USD1 billion in assets under management’.

BondBloxx was the first ETF issuer that is solely focused on fixed income, Northern Trust writes, which is a growing segment for outsourced trading, has continued to grow the number of funds that trade through Northern Trust’s Integrated Trading Solutions (ITS) service.

Leveraging ITS to enhance its access to the bond market, BondBloxx adds connectivity to many institutional liquidity counterparties while benefitting from the backing of Northern Trust’s highly experienced and deep fixed income trading team, the firm says.  Fixed income ETFs have netted inflows of USD52 billion through the end of the first quarter, representing 66 per cent of total ETF flows over that period, as investors continued to reallocate significant portions of their portfolios to fixed income due to attractive yields and continued economic uncertainty.

“Partnering with Northern Trust to outsource our trading operations has allowed us to quickly grow our business,” says Leland Clemons, Founder of BondBloxx. “We have gained access to asset class and markets expertise without having to scale an internal trading infrastructure, which allows us to focus on enhancing the product mix and investment insights we offer to our clients.”

“Our partnership with BondBloxx has been highly effective, allowing them to improve their flexibility and liquidity while expanding access to markets, which is crucial to their growth trajectory,” says Stephanie Farrell, Head of Integrated Trading Solutions, Americas at Northern Trust Capital Markets. “ITS can support multiple types of asset managers, including long-only, fixed income and alternative, and we look forward to continuing to support BondBloxx as they grow.” 

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
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