Tag: Bex

Bex

Northern Trust Buys Bex

Northern Trust has announced an agreement to acquire Bex, a provider of foreign exchange software solutions.
The bank says the acquisition will give it ownership of a platform providing algorithmic FX trading, global liquidity aggregation and transparency in execution and pricing to institutional clients worldwide. The agreement builds on an exclusive partnership between the firms announced in 2016.
“Bex has been a key differentiator for Northern Trust, increasing the depth and breadth of our global FX execution capabilities,” says Pete Cherecwich, president of corporate & institutional services at Northern Trust. “In an evolving FX marketplace, this acquisition provides a foundation for sustained growth and innovation on behalf of our clients.”

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 […]