2Xideas Appoints Northern Trust for Integrated Trading Solutions

Northern Trust (Nasdaq: NTRS) is pleased to announce that its current partnership with 2Xideas AG (2Xideas) is expanding to include Integrated Trading Solutions (ITS).

The Switzerland-based investment firm with approximately US$2bn in assets under management (Source: 2Xideas as of 30 June 2024) first appointed Northern Trust in 2022, as the firm’s fund accounting, financial reporting, transfer agency, custody, and depositary services provider.

Founded in 2013, 2Xideas is an independent, partner-owned investment firm focused on liquid mid-cap stocks, employing a single, team-based investment process, supported by its proprietary Analysis and Collaboration Engine (ACE) platform. Currently, the firm manages four funds and several managed accounts, which will now be exclusively serviced by Northern Trust’s outsourced trading capability.

“After first establishing a relationship with Northern Trust in 2022, we began searching for a solution that would streamline our trading processes, allowing us to focus on what matters most – delivering exceptional results for our clients,” said Roger Meister, 2Xideas CEO. “By extending our existing relationship with Northern Trust and leveraging their ITS offering, we’re able to unlock access to Northern Trust's substantial liquidity and scale, which allows us to drive growth while exceeding our clients’ expectations.”

“We are excited to have 2XIdeas join our ITS platform and are well placed to assist the firm in its endeavor to generate alpha for its underlying clients,” said Amy Thorne, Head of Integrated Trading Solutions, Europe, Middle East and Africa. “Northern Trust’s robust, conflict-free, agency operating model allows for cost-contained growth while improving business resiliency and control. Our award-winning outsourced trading desk has an exemplary record of execution outperformance, and we look forward to supporting 2Xideas at both firm and fund level”.

Northern Trust’s ITS combines worldwide agency-only trading expertise in equities, fixed income and exchange traded derivatives across global markets, coverage from multiple trading locations, access to high-quality liquidity 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.