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Westwood Holdings Group selects Northern Trust as outsourced trading partner

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Northern Trust (Nasdaq: NTRS) has been selected by Westwood Holdings Group to provide outsourced trading via its Integrated Trading Solutions (ITS) service. In this role, Northern Trust will assume responsibility for equity and fixed income trading and middle office trade settlement support for the USD12 billion asset manager.

“We’re excited to provide Integrated Trading Solutions for some of Westwood’s key trading operations,” says Grant Johnsey, Head of Institutional Brokerage, Americas at Northern Trust Capital Markets. “Our capabilities are a great fit for an investment manager like Westwood who is seeking to optimise the entire trade lifecycle, including cost savings, risk controls, and compliance efforts.”

Northern Trust’s outsourced trading capability combines worldwide trading expertise in equities and fixed income across global markets, coverage from multiple trading locations, access to high-quality liquidity, flexible and customisable foreign exchange trading solutions, and a fully integrated middle and back office service. ITS helps asset owners and asset managers to meaningfully lower costs, reduce risk, manage regulatory compliance and enhance transparency and operational efficiency.

“Partnering with Northern Trust to outsource portions of our front- and middle-office operations will provide benefits to both our operations and our clients’ performance reporting,” says Fabian Gomez, chief operating officer at Westwood Holdings Group. “Internally, we gain access to greater flexibility and scalability with our trading operations, as well as the accompanying cost savings. Meanwhile, we can serve our clients better by providing increased transparency into elements like execution, transaction costs, and detailed cost analysis.”

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