Northern Trust Launches Web Trading

INTERNET TECHNOLOGY

CHICAGO--Northern Trust Company has just launched FX Passport, an internet foreign exchange trading system for its corporate and institutional clients.

"Our trading system was initially rolled out for Northern Trust’s North American clients last May," says Mark Gossett, a senior vice president for the bank. "It met with wide levels of acceptance. On it our clients could trade 48 currencies on a 24-hour basis.

"The service is now available to our clients globally via our main trading centres i