CHICAGO–(BUSINESS WIRE)–Northern Trust has renewed its statement of commitment to the FX Global Code. By renewing the declaration, Northern Trust undertakes to comply with the code and its principles when acting as a participant in the foreign exchange market.
“We are delighted to renew our commitment to the FX Global Code and continue to support the goal of a fair, open and transparent global foreign exchange market, underpinned by high standards of practice, ethics and governance,” said Marisa Kurk, global head of foreign exchange at Northern Trust. .
The FX Global Code is a set of global principles of good practice in the foreign exchange market, developed through collaboration between central banks and market participants around the world. The FX Global Code covers areas such as ethics, governance, execution, risk management and settlement processes.
Northern Trust released its first Statement of Commitment in 2018 to demonstrate its commitment to the principles expressed in the Code.
Global Foreign Exchange offers a range of liquidity, trading, transaction processing and outsourced foreign exchange solutions for institutional investors and is part of Northern Trust Capital Markets. Northern Trust Capital Markets provides brokerage, securities financing and transition management services, in addition to foreign exchange. It is a division of Northern Trust Asset Servicing, which provides asset management, fund administration and middle office solutions to institutional asset managers and asset owners worldwide.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 23 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2022, Northern Trust had assets under custody/administration of US$13.7 trillion and assets under management of US$1.3 trillion. For over 130 years, Northern Trust has distinguished itself as an industry leader for its exceptional service, financial expertise, integrity and innovation. Visit us at northtrust.com. follow us on Twitter @NorthernTrust or Northern Trust Corporation on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 USA, incorporated with limited liability in the USA Global legal and regulatory information can be found at https://www.northerntrust.com/terms -and-conditions.