The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Northern Trust Enhances Asset Valuation Capabilities for Investment Operations Outsourcing Clients

Northern Trust announced today it has strengthened its client specific asset pricing capabilities for investment managers on its Investment Operations Outsourcing platform through an agreement with Broadridge Financial Solutions, a technology services company that provides information processing for investor communications and securities transactions.

Under the agreement, Northern Trust will utilise Broadridge’s Managed Data Service to further automate flexible pricing models for Investment Operations Outsourcing clients and monitor complex and customised pricing rules with consistent oversight and transparency.

“Northern Trust sets the highest standards in outsourcing support for investment managers, and we have selected Broadridge as a trusted provider that shares our values,” said Paul Fahey, head of the Global Fund Services Product Group at Northern Trust. “With this agreement, Northern Trust continues to strengthen its Investment Operations Outsourcing capabilities worldwide, providing a balance of flexibility in pricing strategies with valuation oversight. These are critical in today’s complex and volatile markets.”

The enhanced service delivers price calculation capabilities, including blended fixed income prices and depository receipt prices based on the underlying asset price. Additionally, investment managers can review their pricing model effectiveness and analyse pricing exceptions and variances through client defined control reporting.

Lisa Lidsky, vice president, Securities Processing Solutions, Broadridge, commented: “We are delighted to support Northern Trust through our Managed Data Service. In these times of increasingly tighter regulation and industry change initiatives, it is gratifying to see our clients benefiting from the significant investment in people, process and technology that Broadridge has undertaken to make this service available to its customer base. Broadridge’s Managed Data Service is a unique combination of the industry’s ‘best of breed’ technologies combined with Broadridge’s world class data centres, infrastructure and people, giving our clients a clear return on investment and time-to-market advantage.”

Northern Trust provides a robust client pricing service for its Global Fund Services clients, offering multiple pricing sources with client customisation, including options for direction of primary and secondary sources, hard to price assets, and price modelling. Through this service, clients receive valuations and reporting from Northern Trust that reflect their internal pricing policies that can be modified as market trends and/or investment strategies dictate.

Related content

WEBINAR

Upcoming Webinar: Brexit: Reviewing the regulatory landscape and the data management response

Date: 11 May 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The...

BLOG

Derivatives Service Bureau Calls for Reference Data Provider to Support UPI

The Derivatives Service Bureau (DSB) has released a Request for Information (RFI) to identify a reference data provider for underlier identifiers for the Unique Product Identifier (UPI). A requirement of the UPI, which the DSB plans to make available in Q3 2022, is to support the use of multiple underlier identifiers and reference data elements....

EVENT

Data Management Summit London

The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

Hosted/Managed Services

The on-site data management model is broken. Resources have been squeezed to breaking point. The industry needs a new operating model if it is truly to do more with less. Can hosted/managed services provide the answer? Can the marketplace really create and maintain a utility-based approach to reference data management? And if so, how can...