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.
Northern Trust said 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 head of the Global Fund Services Product Group Paul Fahey said with this agreement, Northern Trust continues to strengthen its Investment Operations Outsourcing capabilities worldwide, providing a balance of flexibility in pricing strategies with valuation oversight. These are critical in today’s complex and volatile markets.
