Chicago
19 April 2016
Reporter: Drew Nicol

Northern Trust to leverage AltX’s big data solution


An exclusive agreement between AltX and Northern Trust to grant the bank’s institutional clients access to AltX’s hedge fund data platform has been confirmed.

The solution combines Northern Trust's asset servicing platform and AltX's hedge fund intelligence platform to provide improved manager and market insights, according to Northern Trust.

AltX offers access to more than five million data points, including over 70,000 hedge fund personnel profiles, 20,000 funds and 50,000 ADV filings.

“This new data solution raises the bar for asset owners,” said Peter Cherecwich, Americas head of corporate and institutional services at Northern Trust.

“This exclusive agreement addresses our clients’ requirements for better transparency and clarity around their investments, ultimately helping them drive better business results.”

Sam Hocking, CEO of AltX, added: “Asset owners around the globe continue to seek access to more granular data in ever more meaningful ways.”

“Our expertise in data collation and 360-degree insights into the hedge fund industry, combined with Northern Trust's focus on delivering customised data solutions for asset owners, makes for a truly innovative and powerful combination.”

More data services news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Vela launches new data hub
15 November 2017 | London | Reporter: Jenna Lomax
The new data hub will provide clients with access to multiple systematic internaliser liquidity price feeds through a single application programming interface
Opus partners with Fenergo on KYC
10 November 2017 | New York | Reporter: Jenna Lomax
The two firms will offer integration of risk relevant data into know-your-customer processes
BNP Paribas partners with Janus Henderson
09 November 2017 | Denver | Reporter: Jenna Lomax
This partnership is intended to provide a global platform to support to Janus Henderson’s regulatory and industry issues in order to help the firm grow internationally
SmartStream upgrades TLM solutions platform
16 October 2017 | London | Reporter: Theo Andrew
A new feature, TLM View allows customers to access to real-time and historic data in the reconciliation repository in order to identify trends on one single, customisable interface
Scorpeo reveals new TCA application
12 October 2017 | London | Reporter: Barney Dixon
Scorpeo has launched its new TCA application that will help investment managers identify missed value in their portfolios
Swift releases data validation service
05 October 2017 | Barcelona | Reporter: Jenna Lomax
The service assesses the quality of the bank reference data stored in a corporate’s database, which is typically used to facilitate payments
US equity data made more accessible to UK firms
23 August 2017 | London | Reporter: Stephanie Palmer
Nasdaq is to offer market data on proprietary US equity feeds via the Equinox London International Business Exchange data centre, LD4
More data services news