[ O U T S O U R C E D T R A D I N G S U R V E Y ]
Northern Trust
Northern Trust |
2024 |
2023 |
Global Average |
Difference with Global |
Coverage |
6.19 |
6.57 |
6.21 |
-0.02 |
Execution |
6.00 |
6.30 |
6.22 |
-0.22 |
Operations and Post-Trade |
6.38 |
6.30 |
6.23 |
0.14 |
Client Service and Relationship Management |
6.24 |
6.59 |
6.28 |
-0.04 |
Trade Decision Support |
5.75 |
6.30 |
5.91 |
-0.16 |
IPO Process and Allocations |
4.92 |
- |
5.33 |
-0.41 |
Onboarding |
6.05 |
6.21 |
6.09 |
-0.04 |
Service Level Factors |
5.96 |
- |
6.16 |
-0.20 |
Cost vs Value |
5.76 |
6.11 |
5.97 |
-0.21 |
Average |
5.92 |
6.34 |
6.04 |
-0.13 |
Looking back over the last year , no provider has issued as many public announcements about new clients as Northern Trust , counting the likes of Rathbones , True Potential and Nedgroup in those that have turned to its solution . For Northern Trust , the last 12 months have seen increased demand for multi-asset trading , while equities outsourcing continues to be popular . Notably , the firm highlights how there has been a shift among managers with regards to demand for the outsourcing of fixed income trading , which has traditionally been perceived as less viable due to concerns around transparency and connectivity to the market . Northern Trust confirms that the firm is now seeing a substantial increase in interest in its offering . Once again , Northern Trust has a strong overall average score at 5.92 , sitting comfortably at Good . When looking at the client breakdown , Northern Trust has seen the highest number of clients taking part in our Outsourced Trading Survey ,
Chart 1
with respondents from Europe and the US . When looking at the client size of respondents , Northern Trust has a broad range , with clients reporting holding AUMs from ranges of $ 0-50 million up to $ 50
– 100billion . However , if you break down Northern Trust ’ s ratings , be it by region or client size , the response is consistently positive . Last year , it was noted that Northern Trust was one of the most
50 // Outsourced Trading Handbook // 2024