Avanza Fonder has appointed Northern Trust as a provider of trading services for selected index funds. Specifically, the Stockholm-based fund company will be supported by the investment bank’s Integrated Trading Solutions (ITS) outsourced trading desk.
Founded in 2006, Avanza Fonder currently has 23 funds, 11 of which it manages itself and 12 in collaboration with other managers. Northern Trust will be providing outsourced trading for the global, emerging market, European, and US equity market index funds.
Jesper Bonnivier, CEO of Avanza Fonder, says in a statement: “After opting to bring the management of our index funds in-house, we aimed to find a solution that would streamline our trading processes… By collaborating with Northern Trust and utilising their ITS platform, we’ve gained access to greater liquidity and scale.”
