Northern Trust today announced the release of Data Direct(TM), an application programming interface plug-in designed to provide institutional clients with a streamlined approach to accessing their risk and performance data through Microsoft Excel(R).
By leveraging this widely used Microsoft program and an interface with Northern Trust global custody databases, Data Direct reduces the need for manual exportation of data to spreadsheets. Instead, clients have live access to their data and utilize an intuitive query definition process and drag-and-drop object parameter functionality to streamline the flow of risk and performance data from Northern Trust reporting applications to Microsoft Excel spreadsheets. Once populated according to client specifications, the Excel spreadsheets interact with Northern Trust servers to update on demand and can be viewed, modified, and integrated with other data sources as needed.
"Our clients want access to information that conforms to their terms and conditions. Whether it's through our comprehensive web portal, Institutional Investor Passport, via customized data feeds or on mobile devices, Northern Trust clients can access their data through a multi-faceted suite of tools," said Jim Trotter, Global Head of Investment Risk & Analytical Services at Northern Trust. "Northern Trust is committed to delivering innovative tools through an array of platforms, and Data Direct is another example of our ability to develop technology solutions that meet our clients' changing needs."
Data Direct provides easy access to an expansive catalog of client information including performance returns, characteristics, ex-post risk statistics, attribution analysis, investment risk services information including predictive (ex-ante) risk exposures and stress and scenario based simulation data.
Other highlights of Data Direct include:
client data on demand with full refresh capabilities full file sharing functionality with other Data Direct users integrated technology using fully secured Passport(TM) authentication platform transportable/accessible outside office networks using available internet proxy connection.
"Data Direct exemplifies our dedication to develop automated workflow solutions, customizable by our clients to fulfill their specific needs," said Craig Tome, Senior Product Developer at Northern Trust. "The release of this tool reaffirms our commitment to deliver on our technological strengths as a means to provide integrated, scalable solutions."
Northern Trust has provided risk and performance services to institutional asset servicing clients for more than 30 years. Capabilities delivered through the Investment Risk & Analytical Services group include risk monitoring, performance evaluation and compliance services.
Microsoft Excel is a registered trademark of Microsoft Corporation.
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