20 October 2017
visit www.avoka.com

Thomson Reuters launches equity and fixed income index offering for asset servicing industry

13 November 2012  |  1513 views  |  0 Source: Thomson Reuters

Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced the launch of a new benchmarking solution to help asset servicing providers (custodian banks) with investment decision-making and measurement of performance.

The Thomson Reuters equity and fixed income benchmarks will provide custodian banks with performance measurement analytics that are cost effective and highly correlated with other major global market indices. Northern Trust is the first asset servicing provider to adopt the Thomson Reuters indices as benchmarking solutions for its institutional fund servicing clients.

Thomson Reuters equity and fixed income indices are available as part of a new commercial model, which packages the indices into a simple, cost effective way that defies the complex, high fee structures associated with the index industry. The launch of this model supports Thomson Reuters vision to connect and enable the global financial community and represents a significant step forward in addressing the benchmarking needs of the investment community.

"Thomson Reuters is delighted to be working with Northern Trust, a market leading name in the asset servicing space," said Steven Carroll, head of indices at Thomson Reuters. "We recognize the significant challenges to banks and institutional investors in the current environment and believe that our new offering will allow custodians to provide options with more flexibility to their customers while maintaining the same level of quality as comparable products. Thomson Reuters is committed to providing cost effective solutions for benchmark index requirements across global capital markets, and this is an example of our ability to innovate and deliver."

"We welcome this opportunity to be the first to work with Thomson Reuters on this initiative to provide our clients with more quality options for their evaluation needs," said Joe Nardulli, head of the investment risk and analytical services index product at Northern Trust. "Across the retirement and fund servicing industries we have seen increased restrictions and costs added to operating models. This new solution helps Northern Trust begin to offer more options for our clients."<"

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nl visit www.innotribe.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15971 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
9066 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8209 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7218 views comments | 9 tweets | 17 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
6619 views comments | 18 tweets | 25 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job