The collaboration will provide low-latency market data to Quod Financial, enabling the firm to refine its AI-driven trading algorithms as well as carry out real-time, highly accurate transaction cost analysis (TCA) at the point of execution
The companies say integrating NeoXam’s multi-markets solution aims to provide FB Fund Services with centralised bookkeeping monitored in real time, improved workflow automation, and integration to key data sources
Northern Trust will service the £11.5 billion (US$14.6 billion) fund that provides retirement benefits for 189,000 employees and 300 employers across Lancashire, north-west England
