Northern Trust, Broadridge Sign Deal

Northern Trust has signed an agreement with Broadridge Financial Solutions to boost its client-specific asset pricing capabilities for investment managers on its Investment Operations Outsourcing platform.

Northern Trust has signed an agreement with Broadridge Financial Solutions to boost its client-specific asset pricing capabilities for investment managers on its Investment Operations Outsourcing platform. Northern Trust will use Broadridge’s Managed Data Service to automate flexible pricing models for Investment Operations Outsourcing clients and monitor complex and customized pricing rules with consistent oversight and transparency. The service offers price calculation capabilities, including blended fixed income prices and depository receipt prices based on the underlying asset price. Investment managers will be able to review their pricing model effectiveness and analyze pricing exceptions and variances through client defined control reporting.

Click here for the release from Northern Trust.