2Xideas selects Northern Trust for ITS
16 September 2024 Luxembourg
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Northern Trust’s current partnership with 2Xideas is expanding to include Integrated Trading Solutions (ITS).
Currently, 2Xideas manages four funds and several managed accounts, which will now be exclusively serviced by Northern Trust’s outsourced trading capability.
Northern Trust says their ITS combines worldwide agency-only trading expertise in equities, fixed income and exchange traded derivatives across global markets, coverage from multiple trading locations, access to high-quality liquidity and a fully integrated middle and back office service.
Roger Meister, CEO of 2Xideas, says: “After first establishing a relationship with Northern Trust in 2022, we began searching for a solution that would streamline our trading processes, allowing us to focus on what matters most — delivering exceptional results for our clients.
“By extending our existing relationship with Northern Trust and leveraging their ITS offering, we’re able to unlock access to Northern Trust's substantial liquidity and scale, which allows us to drive growth while exceeding our clients’ expectations.”
Amy Thorne, head of ITS, EMEA, comments: “We are excited to have 2XIdeas join our ITS platform and are well placed to assist the firm in its endeavour to generate alpha for its underlying clients.
“Northern Trust’s robust, conflict-free, agency operating model allows for cost-contained growth while improving business resiliency and control.”
Currently, 2Xideas manages four funds and several managed accounts, which will now be exclusively serviced by Northern Trust’s outsourced trading capability.
Northern Trust says their ITS combines worldwide agency-only trading expertise in equities, fixed income and exchange traded derivatives across global markets, coverage from multiple trading locations, access to high-quality liquidity and a fully integrated middle and back office service.
Roger Meister, CEO of 2Xideas, says: “After first establishing a relationship with Northern Trust in 2022, we began searching for a solution that would streamline our trading processes, allowing us to focus on what matters most — delivering exceptional results for our clients.
“By extending our existing relationship with Northern Trust and leveraging their ITS offering, we’re able to unlock access to Northern Trust's substantial liquidity and scale, which allows us to drive growth while exceeding our clients’ expectations.”
Amy Thorne, head of ITS, EMEA, comments: “We are excited to have 2XIdeas join our ITS platform and are well placed to assist the firm in its endeavour to generate alpha for its underlying clients.
“Northern Trust’s robust, conflict-free, agency operating model allows for cost-contained growth while improving business resiliency and control.”
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