Northern Trust Builds Performance Tool, SunGard Markets It To Institutions

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Northern Trust Bank of Chicago has completed the final stages of a joint development project with SunGard Data Systems on a performance measurement tool. The bank is prepared to deploy the software during the first half of the year. Meanwhile SunGard is looking to recruit a beta site from the users of its portfolio accounting and earlier performance measurement programs and hopes to have one lined up by the middle of the second quarter. SunGard will sell the software to other money managers

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