| A Selected Highlight
from Services Spotlight - The Northern Trust Company Northern Trust teamed up with Reuters to offer the first Web-based foreign exchange trading system, FX Passport®. FX Passport enables custody clients or their investment managers to obtain live quotes and initiate trades for spot, forward and swap transactions with Northern Trust trading desks in Singapore, London, and Chicago. FX Passport offers an additional competitive edge by providing users with direct access to Reuters market data and news. Built to promote the advantages of straight-through processing, not only does FX Passport execute foreign exchange orders directly over the Internet, it allows for on-line trade allocation to investment accounts, and supports electronic interfaces throughout the investment process. FX Passport links to investment manager systems directly, and automatically transfers FX trades to Northern Trust custody client records.
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