Northern Trust improves commission management for outsourced business clients

CHICAGO–(BUSINESS WIRE)–Northern Trust (Nasdaq: NTRS) has streamlined the commission management process for its Integrated Trading Solutions (ITS) clients through a collaboration with Commcise, a provider of cloud-based software solutions, including commission management and aggregation services, research valuation, consumption tracking and share of wallet reporting.

Northern Trust’s outsourced trading capability combines global expertise in trading equities and fixed income across global markets, coverage from multiple trading venues, access to high quality liquidity, flexible and customizable currency trading solutions and a fully integrated middle and back office service.

“As a leading outsourced trading provider, we are an extension of our clients’ operations,” said Grant Johnsey, Head of Integrated Trading Solutions, Americas, for Northern Trust Capital Markets. “We recognize the importance of accessing key research while balancing execution costs. We selected Commcise as a leading provider of commission aggregation technologies and services to provide clients with complete view and management of their entire commission portfolio and research budgets. This enhanced capability is proof of how we examine the range of customer challenges and provide solutions for their entire office. »

The Commcise platform provides managers with automated indirect dollar reconciliation, invoice/contract management, commission targeting, broker voting, commission management and reporting. The web portal allows for more efficient and timely tracking and reporting of research expenses, invoices and payments, while their customer service team provides comprehensive commission aggregation services, including transaction reconciliation and management. bills.

“We are delighted to partner with Northern Trust,” added Amrish Ganatra, CEO of Commcise. “They are a leader in outsourced trading, particularly with large asset managers and hedge funds. As many of their clients outsource trading to them entirely, we believe our tools to help manage commission budgets and track the use of research will prove extremely valuable.”

Northern Trust continually innovates and invests in technology to support its clients, offering a differentiated approach to trading that includes integrated trading solutions, offered by Institutional Brokerage. Both are part of Northern Trust Capital Markets which provides foreign exchange, securities lending and transition management services.

About Clerk

The Commcise research valuation platform is trusted by the world’s largest asset managers totaling over $20 trillion in assets under management. With over 2,500 search providers connected to the platform, Commcise captures the highest quality consumer data allowing clients to more effectively manage, review, evaluate and price each search relationship. Plus, with over 100 brokers providing trade data, Commcise makes commission management and research funding easy with the full suite of aggregation services. A member of the Euronext group, Commcise operates in the United States, Europe and Asia with offices in New York, London, Bangalore and Delhi.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2022, Northern Trust had assets under custody/administration of US$15.5 trillion and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has distinguished itself as an industry leader for its exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 USA, incorporated with limited liability in the USA Please read our global and regulatory information.