Northern Trust Wins Three American Financial Technology Awards
December 06 2016 - 10:40AM
Business Wire
Northern Trust (NASDAQ: NTRS) has received American Financial
Technology Awards for Best Global Deployment and Best
Infrastructure Initiative. In addition, Northern Trust’s Chief
Technology Officer (CTO), Scott Murray, received the Best Buy Side
Technology Executive award.
Northern Trust’s enhanced foreign exchange solutions, built on
software developed in an exclusive partnership with financial
technology provider BEx LLC, won the award for Best Global
Deployment based on:
- Offering complex execution algorithms
to clients, which deliver significantly improved execution speed,
transparency, and reduced market impact.
- Providing a trading engine capable of
processing thousands of trades and quotes per second.
- Leveraging a modular design built on a
flexible framework, making it easier and quicker to add new
functionality and features.
- Aggregating and synthesizing market
quotes from multiple global pricing sources, providing a robust
pricing process.
Northern Trust’s virtual desktop infrastructure, leveraging
hyperconverged infrastructure, won Best Infrastructure Initiative
based on:
- Reduced total cost of ownership and
cost per virtual desktop.
- Decreased number of help desk incidents
and power consumption.
- Improved end user performance and
experience.
- Streamlined support model with a single
team and single vendor responsible for the entire stack.
CTO Scott Murray was honored with the Best Buy Side Technology
Executive award for spearheading global infrastructure
integrations, leading projects that successfully managed
operational risk, instituting information technology programs and
deployments to significantly reduce costs, and leveraging new
technology in a unique way.
“It’s an honor to be recognized individually, but more
importantly it’s gratifying to see the hard work and dedication of
our technology team recognized with the American Financial
Technology Awards. At Northern Trust, we think the combination of
client-oriented design and innovative technology will continue to
bring value to our clients and employees,” said Scott Murray,
Northern Trust Chief Technology Officer. “Technology is an
important foundation for the growth and success of our clients and
ensuring we have state-of-the-art systems to quickly and
effectively respond to their needs and challenges.”
Hosted by Waters magazine and WatersTechnology.com, the American
Financial Technology Awards recognize excellence in the deployment
and management of financial technology within the asset management
and investment banking communities. A panel of senior financial
services technology leaders and Waters’ editorial staff determine
the award winners.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has offices in the
United States in 19 states and Washington, D.C., and 22
international locations in Canada, Europe, the Middle East and the
Asia-Pacific region. As of September 30, 2016, Northern Trust had
assets under custody of US$6.7 trillion, and assets under
management of US$946 billion. For more than 125 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit
northerntrust.com or follow us on Twitter @NorthernTrust.
© 2016 Northern Trust Corporation. Head Office: 50 South La
Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with
limited liability in the U.S. Products and services provided by
subsidiaries of Northern Trust Corporation may vary in different
markets and are offered in accordance with local regulation. For
more information, read our legal and regulatory information about
individual market offices.
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version on businesswire.com: http://www.businesswire.com/news/home/20161206006001/en/
Media Contacts:North America Contact:Northern TrustTim
Hacker+1 312 557 6090Tim_Hacker@ntrs.comorAsia-Pacific & EMEA
Contact:Northern TrustCamilla Greene+44 (0) 207 982
2176Camilla_Greene@ntrs.comhttp://www.northerntrust.com
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