Northern Trust to Add Options and Derivatives Outsourced Trading Capabilities
The custodian bank will receive and transmit European listed options and derivatives orders from buy-side clients.
Northern Trust plans to add outsourcing capabilities for European listed options and derivatives by the fourth quarter of this year.
Plans for the rollout are currently underway, according to Gary Paulin, global head of integrated trading solutions in Northern Trust’s institutional brokerage business.
“Our strategy is that we need to be able to be everything and everywhere. So we needed to address how we can facilitate at least the requirement for a number of our firms, and to outsource the
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