Northern Trust Selected to Be BondBloxx's Outsourced Trading Services Provider

Northern Trust, a leading financial service company, has been selected to be the provider of outsourced trading services to BondBloxx Investment Management Corporation (BondBloxx), an issuer of precision fixed income ETFs who recently surpassed $1 billion in assets under management. BondBloxx has continued to grow the number of funds that trade through Northern Trust's Integrated Trading Solutions (ITS) service.

By utilizing ITS, BondBloxx strengthens its bond market access and gains connectivity with numerous institutional liquidity counterparties, while also receiving support from Northern Trust's experienced fixed income trading team.

Leland Clemons, Founder of BondBloxx, said: "Partnering with Northern Trust to outsource our trading operations has allowed us to quickly grow our business. We have gained access to asset class and markets expertise without having to scale an internal trading infrastructure, which allows us to focus on enhancing the product mix and investment insights we offer to our clients."

Stephanie Farrell, Head of Integrated Trading Solutions, Americas at Northern Trust Capital Markets, added: "Our partnership with BondBloxx has been highly effective, allowing them to improve their flexibility and liquidity while expanding access to markets, which is crucial to their growth trajectory. ITS can support multiple types of asset managers, including long-only, fixed income and alternative, and we look forward to continuing to support BondBloxx as they grow." 

To enhance its outsourced trading capability, Northern Trust last June had streamlined the commission management process for its ITS clients through a collaboration with Commcise​, a provider of cloud-based software solutions.