Northern Trust launches Rec dashboard
20 December 2018 Chicago
Image: Shutterstock
Northern Trust Hedge Fund Services (NTHFS) has launched a Reconciliations (Rec) Dashboard, a reporting tool that aims to improve efficiency in account reconciliation.
Rec Dashboard users can create custom defined data views, monitor reconciliation completion and integrate break resolutions into their own processes via the dashboard.
According to Northern Trust, the dashboard provides a comprehensive, real-time view of breaks and reconciliations in trade activity between NTHFS clients and other institutions.
As fund administrator, NTHFS reconciles client books and records with external custodians, futures clearing members, prime brokers and swap counterparties.
Jeff Boyd, head of Northern Trust Hedge Fund Services, North America, commented: “As the importance of transparency continues to grow for hedge funds, we have enhanced our services to provide clients with more flexible views into data.”
He added: “Timeliness and accuracy of information is critical. By consolidating all breaks into an interactive graphical user interface, Rec Dashboard provides real transparency into the process of verifying trade activity, positions and balances, helping clients to more effectively manage breaks and measure risk.”
Rec Dashboard users can create custom defined data views, monitor reconciliation completion and integrate break resolutions into their own processes via the dashboard.
According to Northern Trust, the dashboard provides a comprehensive, real-time view of breaks and reconciliations in trade activity between NTHFS clients and other institutions.
As fund administrator, NTHFS reconciles client books and records with external custodians, futures clearing members, prime brokers and swap counterparties.
Jeff Boyd, head of Northern Trust Hedge Fund Services, North America, commented: “As the importance of transparency continues to grow for hedge funds, we have enhanced our services to provide clients with more flexible views into data.”
He added: “Timeliness and accuracy of information is critical. By consolidating all breaks into an interactive graphical user interface, Rec Dashboard provides real transparency into the process of verifying trade activity, positions and balances, helping clients to more effectively manage breaks and measure risk.”
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