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Article: Northern Trust Offers Middle Office Services for Global Hedge Fund Clients.
- Article from:
- PR Newswire
- Article date:
- April 9, 2008
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CHICAGO, April 9, 2008 /PRNewswire-FirstCall/ -- Northern Trust announced today that it has gone live with its first hedge fund middle office services client. The provision of hedge fund middle office services includes automated trade matching, derivatives processing, reconciliations and connectivity to multiple prime brokers.
Northern Trust's hedge fund middle office solution is an extension of Investment Operations Outsourcing. A key piece of the solution is Web Trade Services, a trade-processing innovation that has been available to traditional asset managers as an operations outsourcing component. Northern Trust introduced the full range of hedge fund ...