Northern Trust appoints local markets head for global FX business
Paul Fyda joins Northern Trust Global Foreign Exchange in New York, and will work with the firm’s currency trading desks globally.
Paul Fyda joins Northern Trust Global Foreign Exchange in New York, and will work with the firm’s currency trading desks globally.
Northern Trust will provide custody, depository, fund accounting and FX services to the investment trust, and fund administration to Mobius Emerging Markets Fund vehicle.
Northern Trust has agreed to acquire Chicago-based FX algo trading platform and global liquidity aggregator provider, BEx.
The custodian will also look to deliver new capabilities across data aggregation, data enhancement and data analytics to support trading and execution.
The move is the latest effort by custodians to expand into the front-office; however, Northern Trust is the first to take on certain trading activities for asset managers.
Northern Trust is currently providing accounting services for select clients that have a small portion of their assets in cryptocurrencies.
Glenn Poulter has formerly been head of European cash equities and Citi and CEO for equities at ICAP.
Liquidity challenges and impending variation margin rules leads to cash dilemma for pension funds.
Northern Trust to produce reports for investors on using corporate actions to enhance fund performance.