The joint venture between post-trade giants Euroclear and DTCC has signed up its second big fund administrator to its settlement messaging service, paving the way for it to move into Asia.

GlobalCollateral, the tie-up between European-headquartered Euroclear and US-based DTCC to create the world's largest pool of collateral, has signed up Northern Trust to its settlement and tracking service, a couple of weeks after State Street came on board.