The mandate suggests larger-sized asset owners and asset managers now see outsourced trading as a viable solution for their investment operations.
EquiLend has taken the number of users for its flagship NGT securities finance electronic trading platform to over 100 firms.
The French global custodian has hired Northern Trust's former APAC head of securities lending trading.
The rollout of the new platform is the latest innovation from the securities finance firm over the past year to enhance the collateral management infrastructure.
Citi aims to capture increased business from existing and prospective hedge fund clients by offering a full coverage of pre- and post-trade services.
The French bank has onboarded eight clients across Europe onto its front-to-back outsourcing platform CrossWise.
Fillmore Advisors will become part of the recently-established prime brokerage division at INTL FCStone, as it looks to expand on outsourced trading for hedge funds.
Northern Trust has recently made a number of technological advancements for its hedge fund, asset manager and asset owner clients.
The new system will integrate its trading, post-trade and data services, as well as its flagship Next Generation Trading (NGT), on a single platform.
The launch of the outsourcing trading service for asset owners and asset managers made Northern Trust the first custodian to take on certain buy-side trading functions.