Northern Trust Acquires BEx LLC
December 5, 2018
Northern Trust Bank Building, Chicago, IL (Photo thanks to Flickr user Zol87, available under by-sa v2.0)

Northern Trust has agreed to acquire BEx LLC, a provider of foreign exchange (FX) software solutions, to drive continued innovation and growth in its global foreign exchange business.

It says the acquisition will give it ownership of a platform providing algorithmic FX trading, global liquidity aggregation and transparency in execution and pricing to institutional clients worldwide. The agreement builds on an exclusive partnership between Northern Trust and BEx announced in 2016.

"BEx has been a key differentiator for Northern Trust, increasing the depth and breadth of our global FX execution capabilities," said Pete Cherecwich, President of Corporate & Institutional Services (C&IS) at Northern Trust. "In an evolving FX marketplace, this acquisition provides a foundation for sustained growth and innovation on behalf of our clients."

Headquartered in Chicago and established in 2013, BEx is a financial technology software firm dedicated to developing automated FX trading solutions, adds Northern Trust.





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Northern Trust has agreed to acquire BEx LLC, a provider of foreign exchange (FX) software solutions, to drive continued innovation and growth in its global foreign exchange business.

It says the acquisition will give it ownership of a platform providing algorithmic FX trading, global liquidity aggregation and transparency in execution and pricing to institutional clients worldwide. The agreement builds on an exclusive partnership between Northern Trust and BEx announced in 2016.

"BEx has been a key differentiator for Northern Trust, increasing the depth and breadth of our global FX execution capabilities," said Pete Cherecwich, President of Corporate & Institutional Services (C&IS) at Northern Trust. "In an evolving FX marketplace, this acquisition provides a foundation for sustained growth and innovation on behalf of our clients."

Headquartered in Chicago and established in 2013, BEx is a financial technology software firm dedicated to developing automated FX trading solutions, adds Northern Trust.



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