Northern Trusts Signs with Bex

Northern Trust has entered an exclusive
partnership with execution services software provider Bex to
develop customised FX software, including
components used in Northern Trust’s electronic FX trading platform.

The firms say Bex’s
software “has enabled Northern Trust to drive further automation and support
clients with customised trade execution and enhanced transparency and trading
efficiency”. It will do this through the provision of “efficient” execution
strategies in FX spot, forward and swap markets.

“The FX market is
evolving rapidly and Northern Trust is committed to being at the forefront of
e-commerce developments,” says William Huber, head of global FX at Northern
Trust. “It’s critical to have the advanced technology and expertise available
to execute FX trades as efficiently as possible, while reducing transaction
costs for our clients. With this partnership, we now have exclusive access to
BEx products, providing a key differentiator for us in the marketplace. This
enables us to deliver an increasingly highly competitive suite of FX products
to meet the evolving challenges of our clients.”

Patrick Hourihane, Bex
CEO, adds, “We are collaborating with Northern Trust to develop a software
roadmap with the goal of continuing to improve the speed, reliability, and
performance of its FX trading system.”

Colin_lambert@profit-loss.com

Twitter @lamboPnL

Twitter
@Profit_and_Loss

Colin Lambert

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