Jun 1, 2022

The Trade Northern Trust and Commcise collaborate to bolster outsourced trading The move will provide buy-side participants with web-based tools to manage research and commission budgets. Northern Trust has collaborated with cloud-based software solutions provider, Commcise, to streamline the commission management process for its Integrated Trading Solutions (ITS) clients. Northern Trust’s collaboration with Commcise will provide asset managers and hedge funds with cloud-based tools to manage research and commission budgets. The Commcise platform offers managers automated soft dollar reconciliation, invoice/contract management, commission targeting, broker voting, commission management and reporting. The web-based portal is also said to improve efficiency, tracking and reporting of research expenses, invoices and payments. Meanwhile, its client service team offers commission aggregation services including trade reconciliation and invoice management. “We recognise the importance of accessing key research while also balancing execution costs,” said Grant Johnsey, head of integrated trading solutions, Americas at Northern Trust Capital Markets. “We chose Commcise as a best-in-breed provider of technology and commission aggregation services to give clients a complete view and management of their full commission wallet and research budgets.” Northern Trust’s move to enhance outsourced trading follows similar moves by other market participants over the past year.