Northern Trust has launched Market Risk Monitor as an expansion of its risk analytics services, offering vendor-supported risk analytics and a proprietary suite of investment analytics.
The new solution uses RADAR, Northern Trust’s digital dashboard for performance, risk, compliance and environment, social and governance (ESG) analytics, to provide institutional investors with key risk indicators.
These include stress tests, sensitivity shocks and value-at-risk measures.
Market Risk Monitor uses Confluence Technologies’ RiskAPI product, along with a data management and processing layer, to deliver clients insights into the market risk profile of their assets and liabilities on an absolute and relative basis.
The product which covers derivatives, public and private market assets, follows Northern Trust Capital Market’s recent report that its integrated trading solutions business has seen considerable growth over recent years, gaining 22 clients in 2022 and more than doubling over the past three years.
“Market Risk Monitor leverages leading technology and industry partnerships to provide our clients with the insights they require via their channels of choice,” says Jeffrey Greaney, product lead for accounting, analytics and derivatives at Northern Trust.
He says, “By integrating risk analytics into RADAR under a single ‘pane of glass’, we provide a simplified, convenient and consistent way for them to exercise oversight using our analytical capabilities and global consultative expertise.”
Damian Handzy, managing director at Confluence Analytics, says, “By leveraging RiskAPI, this new service offers clients a flexible and scalable risk management solution that provides maximum security and data confidentiality.”
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