Northern Trust enhances global options trading capabilities
25 July 2019 Chicago
Image: Shutterstock
Northern Trust has enhanced its global options trading capabilities by establishing a dedicated options trading desk within its institutional brokerages business.
The Chicago-based options desk provides institutional clients globally with options trading and streamlined reporting for prime brokerage.
Options trading at Northern Trust is offered through an agency model with no principal trading operation in order to drive alignment with client interest and best execution practices.
Guy Gibson, global head of institutional brokerage, commented: “As sophisticated investors navigate fluctuating markets, Northern Trust continues to broaden our capabilities to increase speed, provide transparency and manage the market impact, all of which can contribute to investment performance results.”
“This new options trading desk demonstrates our commitment to meet the evolving needs of the asset manager and asset owner clients who seek tailored solutions to manage risk and portfolio exposures efficiently across global markets.”
Jon Cherry, global head of options, Northern Trust Capital Markets, cited: “From 2015 through 2018, Northern Trust recorded triple-digit annual growth within our options business, with client volume approaching nearly 3 percent of total OCC daily volume, on any given trading session.”
Cherry added: “By setting up a standalone options team with dedicated sales, trading and support staff, we are committed to helping investors achieve their goals and objectives.”
The Chicago-based options desk provides institutional clients globally with options trading and streamlined reporting for prime brokerage.
Options trading at Northern Trust is offered through an agency model with no principal trading operation in order to drive alignment with client interest and best execution practices.
Guy Gibson, global head of institutional brokerage, commented: “As sophisticated investors navigate fluctuating markets, Northern Trust continues to broaden our capabilities to increase speed, provide transparency and manage the market impact, all of which can contribute to investment performance results.”
“This new options trading desk demonstrates our commitment to meet the evolving needs of the asset manager and asset owner clients who seek tailored solutions to manage risk and portfolio exposures efficiently across global markets.”
Jon Cherry, global head of options, Northern Trust Capital Markets, cited: “From 2015 through 2018, Northern Trust recorded triple-digit annual growth within our options business, with client volume approaching nearly 3 percent of total OCC daily volume, on any given trading session.”
Cherry added: “By setting up a standalone options team with dedicated sales, trading and support staff, we are committed to helping investors achieve their goals and objectives.”
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