Northern Trust expands OTC derivatives aid

Northern Trust, the Chicago- based buy-side firm with $756 billion under management, has expanded its OTC derivatives coverage to include independent valuations of a range of derivatives for its custody, fund administration and investment operations outsourcing clients. The firm can now connect to third-party providers of OTC derivatives valuations, using a system of tolerance checks to achieve optimum pricing and performance measurement for complex financial instruments. The initiative also

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