US banking group Northern Trust has launched PassportLink, a system that lets clients communicate trade messages and report data between their front-offices and Northern Trust’s custody systems.

PassportLink was developed as part of Passport, Northern Trust’s online, institutional-client data delivery platform and has been designed to be used in conjunction with Northern Trust’s Web Trade Services solution which offers automatic trade matching.

The system allows clients to transmit settlement instructions or pre-matched trades from any order management system to Northern Trust’s web-based trade services platform