Northern Trust Beefs Up Trade Order Entry System

January 3, 2011 ( – Northern Trust has added functionality to its Trade Order Entry platform that it says will further automate private market investments and global funds, while increasing safeguards for trade instructions in all asset classes.

A Northern Trust news release said Trade Order Entry provides a secure method of delivering trade instructions to Northern Trust. The enhancements offer this level of secure transaction processing for alternative assets, including private equity limited partnerships and hedge funds of funds, and global unitized funds and commingled funds.

According to the company, Trade Order Entry also now offers private equity investors access to enriched real-time cash forecast information. In addition, clients now have the option to require dual approvals for trade instructions as a risk management measure. 

”To meet the demand for risk controls across sophisticated portfolios, our strategic initiative is to enhance real-time data availability and standardize private market asset servicing on our core operating platform,” said Paul Jezek, Product Manager for Trade Order Entry at Northern Trust, in the news release.

Trade Order Entry is available to Northern Trust custody clients through Passport, Northern Trust’s secure Web portal.