Interesting - especially if it becomes a trend.
https://www.thetradenews.com/hedge-...ding-desk-outsource-execution-northern-trust/
https://www.thetradenews.com/hedge-...ding-desk-outsource-execution-northern-trust/
Hedge fund Ardevora to shut trading desk and outsource execution to Northern Trust
- Thread starter ajacobson
- Start date
I wonder how big is the risk that the outsourced trading desk will front-run their trades. Hard to gauge what other unethical but legal tricks that these outsourced trading desks will play.
This is pretty normal. I think Bridgewater tried this a couple of times.
I'd say, 100%... if they think they might get away with it. (Sometimes if you steal only a little bit at a time, it goes unnoticed.)
I have a buddy who makes markets on the Northern Trust IR Swaps Desk.
NT tried to shut down their customer trading and brokerage business in the late ‘90’s - but their considerable Japanese Commercial clientele insisted on keeping it. It’s a really high quality firm that doesn’t rip customers off and they fly low under the radar.
Northern Trust services Institutional Clients only.
NT tried to shut down their customer trading and brokerage business in the late ‘90’s - but their considerable Japanese Commercial clientele insisted on keeping it. It’s a really high quality firm that doesn’t rip customers off and they fly low under the radar.
Northern Trust services Institutional Clients only.
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