Northern Trust drives front-to-back-office integration
26 March 2019 Chicago
Image: Shutterstock
Northern Trust has continued to drive the integration between its middle office technology and order management systems (OMS), after achieving “significant milestones in supporting the trading and middle office needs of global asset managers and asset owners”.
The integration between Northern Trust and OMS providers, including Bloomberg AIM, builds on advanced technology solutions the company has implemented for hedge fund, asset manager and asset owner clients.
Meanwhile, the integration focuses on transaction capture, enhanced data synchronisation and reconciliation.
Northern Trust explained that further collaboration will deliver advanced asset class integration solutions for some of the most complex and emerging securities.
Additionally, clients will benefit from an innovative service model with experts from both Northern Trust and OMS providers supporting their mutual clients’ tactical and strategic operational and technology needs.
Pete Cherecwich, president of corporate and institutional services at Northern Trust, said: “Our technology integration with leading order management systems drives operational efficiencies for our clients, minimises implementation costs, reduces operational risks and positively impacts their bottom line.”
“Our approach to supporting the needs of asset owners and asset aggregators is all about optionality, flexibility, collaboration and ultimately driving performance.”
Palak Patel, global head of product for Bloomberg AIM, added: “As a leading provider of interoperable front and middle office solutions for the buy-side, Bloomberg is proud to work with Northern Trust and others to provide our shared customers with access to the data they need to make critical investment decisions.”
The integration between Northern Trust and OMS providers, including Bloomberg AIM, builds on advanced technology solutions the company has implemented for hedge fund, asset manager and asset owner clients.
Meanwhile, the integration focuses on transaction capture, enhanced data synchronisation and reconciliation.
Northern Trust explained that further collaboration will deliver advanced asset class integration solutions for some of the most complex and emerging securities.
Additionally, clients will benefit from an innovative service model with experts from both Northern Trust and OMS providers supporting their mutual clients’ tactical and strategic operational and technology needs.
Pete Cherecwich, president of corporate and institutional services at Northern Trust, said: “Our technology integration with leading order management systems drives operational efficiencies for our clients, minimises implementation costs, reduces operational risks and positively impacts their bottom line.”
“Our approach to supporting the needs of asset owners and asset aggregators is all about optionality, flexibility, collaboration and ultimately driving performance.”
Palak Patel, global head of product for Bloomberg AIM, added: “As a leading provider of interoperable front and middle office solutions for the buy-side, Bloomberg is proud to work with Northern Trust and others to provide our shared customers with access to the data they need to make critical investment decisions.”
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