The new service will be available to investment
management firms around the world from the third
quarter of this year.
Co-branded as a joint offering from the two firms,
the service will operate on any TCP/IP network and
will use the latest trading technology from Reuters.
“The rapid growth of
cross-border investments has made foreign exchange
trading an intrinsic component of the investment management
process,” said Patrick McDougal, executive vice-president and director of foreign
exchange at Northern Trust
“Northern Trust, with more than $1.3 trillion of
custody assets and a leading foreign exchange presence
worldwide and Reuters, with its strong presence in the
global foreign exchange market and cutting edge technology,
will make for a tremendous strategic partnership.”
Northern Trust has offices in Toronto, Montreal, London,
Hong Kong and Singapore.