Citi will provide outsourced middle office services through Aladdin Provider.
Partnership with BlackRock enables linkage into Aladdin’s operating environment.
The regulator said market participants should not become overly reliant on their cloud services providers.
The alliance with Coremont will cover front, middle and back office operations.
Firm provides outsourced, supplemental and customized trading solutions to investment managers.
As the buy side consolidates, there are fewer pieces of order-flow pie to go around.
Northern Trust sees asset managers growing more comfortable with an off-site front office.
The new service initially targets trading in listed equities and fixed income.
Outsourcing firm talks about re-imagining the buy-side dealing desk.