Northern Trust Strengthens Asset Pricing Capabilities

March 21, 2011 ( - Northern Trust has strengthened its client-specific asset pricing capabilities for investment managers on its Investment Operations Outsourcing platform through an agreement with Broadridge Financial Solutions Inc. 

Under the agreement, Northern Trust will utilize Broadridge’s Managed Data Service to further automate flexible pricing models for Investment Operations Outsourcing clients and monitor complex and customized pricing rules with consistent oversight and transparency. According to a press release, Broadridge Financial Solutions Inc. is a technology services company that provides information processing for investor communications and securities transactions.   

The enhanced service delivers price calculation capabilities, including blended fixed income prices and depository receipt prices based on the underlying asset price. Additionally, investment managers can review their pricing model effectiveness and analyze pricing exceptions and variances through client defined control reporting.   

Northern Trust provides a client pricing service for its Global Fund Services clients, offering multiple pricing sources with client customization, including options for direction of primary and secondary sources, hard to price assets, and price modeling, the announcement said. Through this service, clients receive valuations and reporting from Northern Trust that reflect their internal pricing policies that can be modified as market trends and/or investment strategies dictate.   

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