Latest News
Amazon's Career Choice helps 200,000+ employees achieve their education goals
By K. R. Nelson | Sep 9, 2024
Since Amazon launched Career Choice, its education and career advancement benefit, it has helped more than 200,000 employees achieve their educational goals. They have obtained high school/GED diplomas, associate and bachelor’s degrees, and certifications.
Founder of Mojo Spa: 'Amazon allowed us to grow as a company'
By E. F. Cullerton | Aug 6, 2024
Amanda Kezios, founder and creator of Mojo Spa, said selling her cosmetic goods on Amazon helped save her business and expand her customer base during the pandemic. Kezios made her comments in a March 20 blog post.
Amazon employees can take advantage of 8 benefits and perks
By R. B. Pepalis | Aug 2, 2024
Amazon employees can take advantage of exclusive benefits and access to earned cash before payday, the company revealed in a January 8 blog post.
CME Group sets new milestone with over 60 million SOFR contracts
By Southland Marquee | Dec 17, 2023
CME Group recently revealed that its Secured Overnight Financing Rate (SOFR) complex has achieved a significant milestone by setting a new record of 60,435,467 contracts. This total comprises 48.3 million options contracts and 12.1 million futures contracts, all of which operate under CME rules.
CME Group extends CEO tenure through 2025
By Southland Marquee | Dec 12, 2023
CME Group has announced the extension of Chairman and Chief Executive Officer Terry Duffy's tenure through an updated contract agreement approved by the Board. Duffy, a veteran of the futures industry for over 40 years, has held his current position since 2016.
CME Group introduces FX Spot+ to unify OTC and futures liquidity
By Southland Marquee | Dec 12, 2023
CME Group has announced the introduction of CME FX Spot+, a comprehensive spot foreign exchange (FX) marketplace. The new platform leverages FX Link, a liquid and tradable spread between over-the-counter (OTC) spot FX and CME Group's FX futures, to bridge liquidity across the two trading environments.
Northern Trust chosen as custodian for Nebraska Investment Council pensions
By Southland Marquee | Dec 8, 2023
Northern Trust, a leading provider of wealth management services, has announced that the Nebraska Investment Council (NIC) has chosen it to provide asset management and servicing solutions for its pension fund. These solutions include custody, portfolio analytics, and securities lending. The NIC is responsible for providing investment services for the state of Nebraska and oversees the management of assets in state pensions and trust funds.
Extreme demands from union lead to permanent closure of Berlin Nightclub
By Southland Marquee | Dec 5, 2023
Chicago’s iconic LGBTQ+ bar, Berlin Nightclub, is permanently closing after 40 years of business. The club made the announcement on Nov. 21 on its website after previously highlighting extreme demands it was facing from Local 1 Union earlier this fall.
CME Group announces winners of 20th University Trading Challenge
By Southland Marquee | Dec 4, 2023
CME Group, a leader in the trading world, declared the winners of its 20th annual University Trading Challenge. The team from Universidad De Guadalajara in Mexico outshone their peers to claim first place. Contestants for this challenge came from as many as 156 universities worldwide.
Northern Trust's annual service effort achieves record-breaking success
By Southland Marquee | Nov 26, 2023
Northern Trust announced that employees engaged in various group activities, such as constructing homes in the United States, planting trees in India, participating in urban farming in Ireland, caring for shelter dogs in the Philippines, and facilitating resume workshops for youth in the United Kingdom. These initiatives took place as part of Northern Trust's annual service effort, showcasing the global impact of their corporate social responsibility across different regions. This year’s community engagement was part of the company’s "Achieving Greater Together" initiative,...
Northern Trust Universe data reveals institutional plans record negative returns amid Q3 global equity market sell-off
By Southland Marquee | Nov 26, 2023
Northern Trust announced that, according to The Northern Trust Universe data, U.S. institutional investment plans faced challenges in the third quarter of 2023 due to global equity market declines triggered by concerns among investors about the necessity of an extended period of high-interest rates to curb the U.S. economy. The Northern Trust Universe monitors the performance of 398 large U.S. institutional investment plans, collectively valued at over $1.3 trillion. This assessment comes as part of Northern Trust's quarterly review and analysis.
Northern Trust receives top honors as best private bank for family offices and succession planning
By Southland Marquee | Nov 26, 2023
Northern Trust announced it has been recognized by Professional Wealth Management and The Banker magazines, publications of the Financial Times Group, receiving top honors as "Best Private Bank for Family Offices, U.S." and "Best Private Bank for Succession Planning, U.S." Additionally, Northern Trust earned a designation in the categories of "Best Private Bank in the U.S." and "Best Private Bank for Wealthy Women, North America." This honor was given due to their impressive portfolio and renowned client service.
Northern Trust Asset Management appoints new Head for International Quantitative Strategies
By Southland Marquee | Nov 26, 2023
Northern Trust announced Guido Baltussen, Ph.D., has been appointed as the Head of Quantitative Strategies, International, at Northern Trust Asset Management (NTAM). In this newly established position, Baltussen will oversee NTAM's international quantitative strategies investments, focusing on quantitative research, innovation, thought leadership and investment strategy to facilitate the company's growth. This change took place as part of Northern Trust's continuous efforts to expand and enhance its global market presence.
Nourishing Hope receives Northern Trust Anchor Award
By Southland Marquee | Nov 26, 2023
Northern Trust announced that Nourishing Hope will be awarded the first Northern Trust Anchor Award, a grant of up to $1 million to enhance the influence of innovative nonprofit organizations displaying strong growth potential. This award is intended to bolster the capacity of exceptionally impactful nonprofit organizations by providing a grant focused on reinforcing infrastructure, systems, skills, and resources. The Chicago-based organization Nourishing Hope is dedicated towards eradicating hunger and poverty.
Northern Trust Chosen as asset servicing provider for Costco Retirement Plan
By Southland Marquee | Nov 26, 2023
Northern Trust announced its selection by Costco Wholesale Corporation to deliver custody, daily valuation, and brokerage services for Costco's defined contribution retirement plan, which holds $29 billion in assets. In the asset owner segment, the objective is to enable clients, such as Costco, to enhance investment returns, ultimately allowing them to better serve their constituents. The service delivery is expected to elevate the retail giant's retirement plan management for its employees.
Northern Trust Chosen as asset servicing provider for Costco Retirement Plan
By Southland Marquee | Nov 26, 2023
Today, Northern Trust announced its selection by Costco Wholesale Corporation to deliver custody, daily valuation, and brokerage services for Costco's defined contribution retirement plan, which holds $29 billion in assets. In the asset owner segment, the objective is to enable clients, such as Costco, to enhance investment returns, ultimately allowing them to better serve their constituents. This strategic partnership underscores Northern Trust's continued commitment to offering innovative solutions that address the unique needs of its diverse clientele.
Northern Trust collaborates with Novata for enhanced private markets data and benchmarking
By Southland Marquee | Nov 24, 2023
Northern Trust announced an agreement to offer Novata's ESG data management software to its asset-servicing clients. This initiative seeks to strengthen the ESG impact understanding while simplifying data collection for private companies. The platform, featuring clear definitions and tools for calculating ESG metrics, is complemented by support from ESG experts, as well as benchmarking and analytics, enabling contextual review and industry peer comparisons of the data.
BMO's wrap the good campaign returns to support underrepresented businesses
By Southland Marquee | Nov 24, 2023
BMO Harris Bank announced the Wrap the Good campaign, along with a holiday gift guide, to promote financial progress and awareness for underrepresented groups, including women, Indigenous, Native, Latino, Black, and/or Asian-owned businesses. The gift guide features BMO Business Banking clients such as Cheekbone Beauty, Maison Apothecare, Campy Home, and Sarah Konyer Creative Studio. This initiative aligns with BMO's ongoing efforts to support diverse enterprises across North America.
CME Group hits record numbers in Adjusted Interest Rate futures
By Southland Marquee | Nov 22, 2023
CME Group announced that S&P 500 Adjusted Interest Rate (AIR) Total Return futures have achieved a record open interest. The average daily volume for AIR Total Return futures in 2023 has increased by a record 54% year over year, reaching 4,220 contracts. This increase signifies heightened investor interest and participation in these futures.
Flying Food Group CEO on The Sue Ling Gin Foundation Trust: “That is the way that you maintain the legacy of Sue”
By Southland Marquee | Nov 16, 2023
David Cotton, CEO of airline catering company Flying Food Group, recently expressed his pride in maintaining the legacy of the company’s founder through the Sue Ling Gin Foundation Trust. Every dollar of profit earned by the company is donated to the charitable trust and directed back into the community.