Trade Analysis Tool Helps Track Costs

December 9, 2003 ( - A new tool from Northern Trust could help institutional investors better monitor their trading costs and gain broader insight into trading practices.

According to a news release, Northern Trust’s Trade Execution Analysis is an automated trade execution monitoring tool that can help investors identify the drivers behind fund trading costs including commissions, trade execution, and local fees for equity holdings.

The report compares the daily prices of manager trades against the Volume Weighted Average Price, or VWAP, and provides summary report information by manager, country, broker, and total fund, according to the announcement.

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