Northern Trust to Deploy Electronic Foreign Exchange Pricing Engine in Singapore

Northern Trust announced that it will set up a new electronic foreign exchange (eFX) pricing engine in Singapore, in partnership with the Monetary Authority of Singapore (MAS). This will be Northern Trust’s first eFX engine in Asia-Pacific. In recent years, Northern Trust has launched a number of new FX solutions, and acquired BEx LLC, a platform providing algorithmic FX trading, global liquidity aggregation and transparency in execution and pricing to institutional clients worldwide. In addition, it announced a strategic partnership with Lumint Corporation, an innovative provider of currency management services, enhancing Northern Trust’s currency management solutions with machine learning models.