Northern Trust Develops Google-Inspired Pricing Engine

The new service for traders employs time series analysis to forecast rates for securities lending.

algorithm

Northern Trust has developed a pricing engine that uses machine learning and statistical analysis techniques to forecast loan rates in the securities lending markets.

“For this project, our data scientists applied a time series algorithm to the problem of securities lending. Specifically, we have used some techniques inspired by Google technologies,” Chris Price, a specialist enterprise architect at Northern Trust, says.

Time series analysis harnesses a set of machine learning and statistical

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