Northern Trust Corp looks to Algo Credit for risk limits

NEWS ANALYSIS | IMPLEMENTATION | BUY-SIDE PLAYER ENHANCES GLOBAL EXPOSURE MANAGEMENT

CHICAGO -- Northern Trust Corporation, a Chicago-based provider of investment management, asset and fund administration, fiduciary and banking services, is live with Algo Credit from Toronto-based risk management specialist Algorithmics.

Northern Trust, with $2.4 trillion in assets under administration and $535 billion in assets under management, has rolled out the Algo Credit platform across its trading operations in Chicago, London and Singapore. The implementation will provide the firm wi