Northern Trust Launches Integration Tool to Enhance Trade Communications

May 29, 2008 ( - Northern Trust has launched an advanced system integration tool that offers a plug-and-play technology solution, enabling asset servicing clients to seamlessly communicate trade messages and reporting data between their internal front-office systems and Northern Trust's custody systems.

According to a press release, PassportLink was developed as part of Passport, Northern Trust’s online, institutional-client data delivery platform, and has been designed to be used in conjunction with Northern Trust’s Web Trade Services solution which offers automatic trade matching. Clients can transmit settlement instructions or pre-matched trades from any order management system to Northern Trust’s Web Trade Services solution, and Northern Trust can transmit reporting information such as holdings, cash, or income data to their client’s underlying systems.

Northern Trust has developed PassportLink to be compatible with a full range of front office asset servicing systems and it has already been tested and implemented successfully in conjunction with SimCorp Dimension and Wall Street Systems, the release said.

More information is at .