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


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.” 

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