Liontrust Outsources Trading to BNY

Active asset manager Liontrust has expanded its relationship with BNY Mellon with the outsourcing of its trading for its investment funds and institutional accounts to the bank’s Buy-side Trading Solutions Group.

As part of the agreement, the asset manager’s UK-based traders have joined BNY, ensuring continuity of service for its investment teams and clients. The outsourcing of trading to BNY will provide Liontrust with access to a network of brokers and venues, allowing the firm to respond to market developments in real-time and extend its capabilities beyond UK trading hours, the bank says, and reach 100 global markets across all major asset classes.

“Trading for asset managers has changed significantly over the past few years with the increasing use of automation and technological developments,” says John Ions, CEO of Liontrust. “While this presents opportunities for greater efficiency and returns, it also requires careful management of the associated risks and a significant investment in technology to compete. Our collaboration with BNY will enable Liontrust to achieve this.”

Liontrust will access BNY’s technology and data analysis capabilities, providing additional tools and market insights to support decision-making and execution. With almost half of Liontrust’s investments and trading now outside of the UK, this global trading service will support the firm’s growth ambitions, the two firms state.

“This builds on the longstanding relationship between both firms, most recently collaborating to implement Liontrust’s data solution to enhance investment management, client service and scalability in July last year,” says Adam Vos, global head of markets at BNY. “We look forward to working with Liontrust so its investment teams can continue to access new markets and opportunities and achieve long-term success.”