Northern Trust has successfully integrated its middle-office technology with a number of trading platforms including Bloomberg AIM.
The Chicago-based global custodian stated the integration of its technology with key order management software (OMS) providers will support the trading and middle-office needs of global asset managers and asset owners.
The front-to-back office integration with the trading platforms focuses on transaction capture, data synchronisation and reconciliation Northern Trust added further collaboration will deliver advanced asset class integration solutions for some of the most complex and emerging securities.
“Our technology integration with leading order management systems drives operational efficiencies for our clients, minimizes implementation costs, reduces operational risks and positively impacts their bottom line,” said Pete Cherecwich, president of corporate and institutional services, Northern Trust.
“Our approach to supporting the needs of asset owners and asset aggregators is all about optionality, flexibility, collaboration and ultimately driving performance.”
Northern Trust has recently made a number of technological advancements for its hedge fund, asset manager and asset owner clients.
Within its fund services division, these include the development of various interactive real-time reconciliation reports and self-service dashboards enabling clients to see what is driving their profit and loss, as well as view the status of their NAV, reconciliations and trade processing.
Northern Trust is also eyeing the roll out of a new asset servicing technology architecture that will sit on top of its existing custody and fund administration platforms.
The event-driven architecture, called Matrix, will aim to centralise all of the data captured by underlying custody, fund administration and transfer agency platforms.