Northern Trust Partners Commcise to Enhance Commission Management

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.

"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 also balancing execution costs. We chose Commcise as a best-in-breed provider of technology and commission aggregation services to give clients a complete view and management of their full commission wallet and research budgets. This enhanced capability is evidence of how we look across the spectrum of client challenges and provide solutions for their whole office."

"We are delighted to collaborate with Northern Trust," added Amrish Ganatra, CEO of Commcise. "They are a leader in outsourced trading, especially with larger asset managers and hedge funds. As many of their clients fully outsource trading to them, we believe that our tools to help manage commission budgets and track research utilization will prove extremely valuable."

​Northern Trust continually innovates and invests in technology in support of its clients, enhancing approach to trading that includes Integrated Trading Solutions, offered through Institutional Brokerage. Both are part of Northern Trust Capital Markets which provides foreign exchange, securities lending and transition management services.

Source: BusinessWire