Stephanie Farrell is Head of Integrated Trading Solutions, Americas at Northern Trust Capital Markets.
What were the key theme(s) for your business in 2023?
The challenges of 2023 – ranging from bond and equity market volatility to evolving regulation and the increased costs of maintaining platforms – prompted asset managers to review and enhance their operating models across technology, operations, and investment approach in order to evolve.
The confirmation of a May 2024 deadline for T+1 settlement in the U.S. added urgency for firms as they decide how to manage an additional layer of middle and back-office complexity, putting increased strain on operations across the globe. Firms are exploring increased staffing needs, updates to technology, and redesign of internal processes to contend with the tightened settlement cycle – further driving the need for an enhanced global operating model.
What was the highlight of 2023?
Firms continue to turn to Northern Trust in order to access our broad set of solutions across the front, middle, and back-office. We have experienced tremendous growth in Integrated Trading Solutions, with firms leveraging our 24/6 trading desk and settlement across asset classes. At Northern Capital Markets, we saw significant growth in both fixed income and options trading.
What are your expectations for 2024?
We believe 2024 will continue to be a challenging year for asset managers. Performance remains at the forefront as firms contend with increased volatility, market uncertainty and rising interest rates. Many firms are focused on existing strategies, where others have prioritized growth and desire to launch new strategies and asset classes. These growth initiatives will need to be managed alongside cost cutting initiatives while ensuring that platforms and resources are optimized to be able to support the evolving needs.
We look forward to another year of offering long-term solutions that allow firms to better optimize for the future by becoming more efficient and flexible to support future growth.
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
Celebrating women shaping European finance
European Women in Finance Awards deadline is Aug 23
#WomeninFinance #Finance #WIF
Nominate here: https://www.jotform.com/form/250276204100339
"Modernizing isn't just upgrading—it's reshaping how we deliver client value" - @Wedbush's Rodrigo Parrode
As Cboe Data Vantage scales globally, Adam Inzirillo discusses our APAC expansion, plans to launch dedicated cores in Canada and preparation for 24×5 U.S. equities trading, pending regulatory approval – full story in @marketsmedia: https://bit.ly/4kQx3mC
As Technology Evolves, Asset Managers Adapt and Innovate
Related articles
-
Different year, same challenge: accessing liquidity in fragmented markets.
-
Exec says TCA will be a must-have across all asset classes, including exchange-traded derivatives.
-
Asset managers are seeking more precise insights from their liquidity providers.
-
Surveillance leaders are fed up with stagnant innovation in legacy systems.
-
Global Head of Enterprise Data Content expects more focus on data management challenges.
We're Enhancing Your Experience with Smart Technology
We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] By continuing to use our services after Aug 25, 2025, you agree to these updates.
