Wavelength Podcast Ep. 202: Northern Trust’s Pete Cherecwich, Part 2
Pete Cherecwich, president of asset servicing at Northern Trust, is back on the podcast to discuss outsourced trading.
Wei-Shen Wong, Asia Editor, and Anthony Malakian, Editor-in-Chief of WatersTechnology, record a weekly podcast touching on the biggest stories in financial technology.
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This week, Pete Cherecwich, president of asset servicing at Northern Trust, joins the podcast to talk about how outsourcing has bled into the front-office, as well as how perception towards outsourcing has changed. The last time he joined the podcast, Pete spoke about the challenge firms face offering convenience while ensuring those services are secure.
4:00 – Tony and Wei-Shen briefly discuss the interview with Pete.
9:30 – Pete joins the podcast and explains how firms see value in outsourcing technology.
14:00 – There can be positive and negative ripple effects from outsourcing non-core functions.
17:30 – Pete says outsourced trading uptake is driven by firms looking to strike a balance between costs and alpha generation.
20:30 – Covid-19 has changed the way people trade, and the concept of a physical trading floor.
29:00 – Pete talks about Northern Trust’s expansion plans.
34:00 – They wrap up talking about identifying the likelihood of blockchain adoption.
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Contact Info:
As is the case with everything we do, we'd love to get some feedback from our listeners.
Wei-Shen Wong: + 852 3411 4758; wei-shen.wong@infopro-digital.com
Anthony Malakian: + 1 646 490 3973; anthony.malakian@infopro-digital.com
Past 10 episodes:
Episode 192: Security and BCP Challenges in a Pandemic
Episode 193: Refinitiv's John Walsh on Alt Data
Episode 194: ITRS Group’s Warren on Capacity Planning
Episode 195: The Challenges of Returning to the Office
Episode 196: Bloomberg’s Gerard Francis, Part 3
Episode 197: A Look at Innovation
Episode 198: DTCC's Peve on DLT
Episode 199: Working Through Covid-19
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