Charles Taylor Investment Management (CTIM) has selected Northern Trust to provide its integrated trading solutions and assisted second Markets in Financial Instruments Directive (MiFID II) transaction reporting.
Northern Trust’s integrated trading solutions will provide CTIM with services ranging from trade execution to matching and settlement.
The agreement will also help enhance operational efficiencies across CTIM’s front-, middle- and back-office functions which encompasses access to global markets, trading locations and liquidity.
Northern Trust’s assisted MiFID II transaction reporting service will provide CTIM’s transaction data to help them meet these requirements.
In addition, it expands CTIM’s existing relationship with Northern Trust as its global custodian.
Guy Gibson, global head of institutional brokerage at Northern Trust, said: “Our integrated trading solutions are designed to help asset managers like CTIM drive business efficiencies and alleviate operational pressures while supporting their risk management requirements. At the same time, our reporting solution offers a cost-effective, streamlined way to help them meet their transaction reporting obligations under MiFID II.”
Anthony King, COO at CTIM, commented: “We are delighted to extend our long-standing relationship with Northern Trust to support our trading activities and transaction reporting.”
He added: “Working with Northern Trust provides us with scale, expertise and first-class technology support–allowing us to focus on our core capabilities and alpha-generation for our client base.”
