Northern Offers Event, Volatility Tracker

The tool, which was introduced to a select group of clients earlier in the year during a “controlled rollout,” is now “broadly available to all Northern Trust institutional clients,” according to Jeff O’Neill, Senior Vice President, Manager of Strategic Product Development at Northern Trust.

Event Analyst enables users to set volatility parameters according to securities, currencies, and market fluctuations, and it automatically notifies clients via e-mail when these pre-determined parameters have been violated, according to the firm.

For each security impacted, Event Analyst provides overall client exposure and historical performance information. The system also undertakes a comprehensive look at the security and industry of impact, and provides the client with relevant benchmark reporting for that security and other top holdings, according to Northern.

“Event Analyst makes me aware of something that is wrong in the portfolio, but it is more than just a warning,” said Robert Newland, Deputy Director and Chief Investment Officer for the $5.6 billion Indiana Teachers’ Retirement Fund. “Event Analyst helps us to stay on top of our many portfolios. It instantly elaborates on the impact of an event with holdings information, transaction history, event specific news, charts, graphs — everything I need to understand and respond quickly to a particular event that has impacted our portfolios.”