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Foreign Exchange

 
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Global Foreign Exchange Solutions

Receive the competitive pricing, access to liquidity and efficient execution you require to meet your global currency trading needs. Turn to Northern Trust's full suite of foreign exchange solutions to successfully navigate the ever-changing market landscape.

Get 24/5 global coverage and trade in 70+ countries through our comprehensive FX capabilities. Tap into our broad, in-house expertise and more than 40 years of experience providing FX trading services.

Our E-Commerce platform, driven by our sophisticated foreign exchange technology, delivers tailored and highly automated trade execution.

Access deep liquidity

Widely recognized as a strong counterparty, you’ll benefit from our stable financial standing, solid industry reputation and extensive market connectivity. Our E-Commerce platform connects you to a comprehensive panel, unique to Northern Trust, of leading banks and exchanges.

Obtain greater transparency

Find the FX cost transparency you've been seeking. We provide upfront fee schedules to give you clear, consistent pricing. And our proprietary Transaction Cost Analysis reports provide an additional level of detail into your automated trading.

Execute efficient transactions

Trade with speed and accuracy supported by our sophisticated, customizable tools. Whether you prefer to work directly with our FX traders or through our E-Commerce platform, we can help you minimize market impact and lower operational risk.

FX Services

Our suite of FX services includes:

  • FX Algo Suite, offering tailorable, automated trading solutions
  • CompleteFXTM, our outsourced end-to-end FX dealing service
  • Passive currency overlay services, including:
    • Portfolio hedging
    • Share class hedging
  • Restricted currency trading
  • Standing instructions, automated income sweeps and custody trade tagging
  • Voice trading via global dealing desks in Chicago, London and Singapore
Rob Olley

Rob Olley

Head of FX, EMEA
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Rob Olley

Rob Olley

Head of FX, EMEA
 

Rob Olley is a Vice President in Global Foreign Exchange (GFX) at Northern Trust. He is responsible for promoting Northern Trust's FX products to existing and prospective custody relationships and Investment Management community, focusing on increasing FX flow. Other responsibilities include marketing the bank's e-trading strategy and maintaining a consistent customer calling programme.

Rob joined Northern Trust in 2001 as an Officer within Trading Operations. He was promoted to Second Vice President in 2003 and Vice President in 2006.

Prior to joining Northern Trust, Rob worked for Robert Fleming Asset Management (later JPM Chase Asset Management), firstly in operations and then in the Fixed Income Dealing Room where he was responsible for trading foreign exchange, bond and equity trades.

Dan Torrey

Dan Torrey

Global Head of FX Sales
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1-201-793-4946
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Dan Torrey

Dan Torrey

Global Head of FX Sales
 

Dan runs the sales effort for Northern Trust's Foreign Exchange business globally. NT's FX capabilities include a full E-Commerce execution suite, automated passive currency overlay products, outsourced FX solutions and direct dealing services in spot, forwards, swaps and NDFs in G-20 and restricted currency markets. In his role, Dan oversees all aspects of client trading, account management and new business development across NT's range of execution services. He is based in Chicago, where he coordinates the activities of the global sales organization.

Prior to joining Northern Trust in 2016, Dan held the position of Head of Sales-Americas at EBS, a leading interbank FX ECN owned by NEX Group plc. He worked in the EBS Sales management team for 11 years. He previously worked at the Bank of New York, as a senior sales representative in the ADR Division.

Dan received an M.B.A. in Finance from the NYU Stern School of Business in 2002. He also earned his B.A. in International Relations from Johns Hopkins University in 1988. Dan speaks six languages and has worked in the international finance arena for more than 25 years.

Northern Trust's client base includes institutional asset managers, plan sponsors, corporate treasury, hedge funds, broker/dealers and wealth management clients. NT provides all of its clientele access to global execution capabilities - with dealing centers in London, Chicago and Singapore.

John Turney

John Turney

Global Head of CompleteFXTM and Passive Currency Overlay
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John Turney

John Turney

Global Head of CompleteFXTM and Passive Currency Overlay
 

John Turney is a Senior Vice President and leads the passive currency overlay business and CompleteFXTM, Northern Trust's comprehensive FX transaction processing and execution service for institutional clients. He works closely with partners across Northern Trust’s Corporate & Institutional Services unit to coordinate the development, delivery and sale of outsourced FX services to institutional clients.

Prior to his current role, John worked within the Global Foreign Exchange (GFX) Sales group, focused on business and product development. He has also managed institutional client relationships as a member of GFX Sales.

John has previously served as a Vice President of Luminous Capital, now a division of First Republic Investment Management. While at Luminous, John worked closely with one of the firm's founding partners managing a portion of the firm's then $6bn in assets across various liquid and illiquid strategies.

Prior to his employment with Luminous Capital, John held various positions with Northern Trust in GFX on the FX Sales staff and in his first position at the company within Operations & Technology.

John received his B.S. degree in International Political Economy from the Edmund A. Walsh School of Foreign Service at Georgetown University.

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© 2017 Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For legal and regulatory information about our offices and legal entities, visit northerntrust.com/disclosures.

This material is directed to professional clients only and is not intended for retail clients. For Asia-Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.