Further broadens the company's trusted
outsourced offerings to the front office
NEW
YORK, Jan. 25, 2023 /PRNewswire/ -- BNY
Mellon (NYSE: BK) announced today a new outsourced trading offering
for buy-side institutions globally, including asset managers and
asset owners. The offering by BNY Mellon Capital Markets, LLC will
be powered by xBK, the buy-side trading division that executes more
than $1 trillion in volumes on
average annually for the company's Investment Management franchise
(one of the world's largest asset managers1). This
comprehensive, global multi-asset trading service will give clients
significant opportunities for operational and strategic
efficiencies, savings and expansion.
The outsourced trading offering can help clients to:
- Reduce spending on data, trading infrastructure, analytics and
reporting, and all associated trade execution support
functions
- Efficiently expand into new asset classes and regions
leveraging our economies of scale
- Improve trading outcomes through automation, innovation, and a
systematic workflow
- Access BNY Mellon's portfolio of services across front, middle
and back-office functions
- Refocus investments toward core competencies and alpha
generating activities
Adam Vos, CEO of BNY Mellon
Markets & Execution Services, said: "We are committed
to supporting the buy-side as they position themselves for
long-term growth and competitiveness. By leveraging the full scale
of the BNY Mellon enterprise, combined with our expertise in
trading, we are uniquely positioned to provide a high-quality
outsourced trading offering to our clients worldwide."
Fueled by substantial investments across technology, data
science and quantitative modelling, the company plans to offer
external clients a range of services, including:
- Coverage of all major asset classes, with the ability to
transact across most global markets
- Significant expertise in supporting complex workflows of more
than 150 investment products across equity, fixed income, and
global asset allocation strategies
- Data science capabilities which utilize quantitative insights
to fine-tune execution strategies, reduce transaction costs and
execute trades within a risk-controlled framework
Dragan Skoko, Head of
Outsourced Trading & xBK, BNY Mellon, said: "The
asset management industry is at a critical inflection point as it
continues to address fee pressures, higher operating costs,
increased trading complexity and heightened regulatory
requirements. Against this backdrop, we have expanded access to our
deep execution expertise and invested heavily to build a
cutting-edge technology stack. We are ready to meet our clients
wherever they are along their journey to reduce costs, enter new
markets faster or expand their investment product line-up."
To learn more about the outsourced trading offering from BNY
Mellon, visit:
https://www.bnymellon.com/us/en/solutions/capital-markets-liquidity-financing/execution-services.html
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment and wealth management and investment
services in 35 countries. As of Dec. 31, 2022, BNY Mellon
had $44.3 trillion in assets under custody and/or
administration, and $1.8 trillion in assets under
management. BNY Mellon can act as a single point of contact for
clients looking to create, trade, hold, manage, service, distribute
or restructure investments. BNY Mellon is the corporate brand of
The Bank of New York Mellon Corporation (NYSE: BK). Additional
information is available on www.bnymellon.com. Follow
us on Twitter @BNYMellon or visit our newsroom
at www.bnymellon.com/newsroom for the latest
company news.
Media Contact:
Ryan Wells
ryanw@bnymellon.com
+1 212 298 1249
Disclaimer
Outsourced Trading is offered in the US and select countries in
EMEA where permitted by local law through BNY Mellon Capital
Markets, LLC. Not all products and services are offered in all
countries. BNY Mellon Capital Markets, LLC ("Capital Markets")
is a full-service registered broker-dealer and an indirect wholly
owned non-bank subsidiary of The Bank of New York Mellon
Corporation ("BNY Mellon"). BNY Mellon and its affiliates lend and
provide other products and services to issuers and others and
provide and receive related fees and compensation. Capital Markets
is a member of FINRA and SIPC, which protects securities customers
of its members up to $500,000
(including $250,000 for claims for
cash). Explanatory brochure available upon request or at
www.sipc.org. SIPC does not protect against loss due to market
fluctuation. SIPC protection is not the same as, and should not be
confused with, FDIC insurance. This material is for reference
purposes only and not intended to be a recommendation with respect
to, or solicitation or offer to buy or sell, any particular
financial instrument, including but not limited to BNY Mellon
stock, or to participate in any particular trading strategy and is
not tax, legal, investment or accounting advice. Nor is it an offer
or solicitation in any jurisdiction in which such an offer or
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with a transaction. Although information is from sources believed
reliable, there is no undertaking as to accuracy and opinions and
information contained herein are subject to change without notice.
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to company specific conditions. Past performance is not a guide to
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Promotion Disclosure: This communication is being issued by
BNY Mellon Capital Markets, LLC to, and/or is directed at, persons
to whom it may lawfully be issued or directed at under the
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investments, including municipal bonds, are subject to various
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quality, possible default, difficulty in market valuations,
liquidity, prepayments, early redemption, tax ramifications,
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fluctuate and it is possible that such fluctuations may be
substantial in response to many factors including, without
limitation, general market and market sector conditions, U.S. and
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"CFTC"), it shall be considered a "solicitation" of derivatives
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Options carry a high level of risk and are not suitable for all
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independently and carefully consider whether any information or
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objectives and financial position and, if you believe it
appropriate, seek professional advice, including tax, legal and
accounting advice. Past performance is not indicative of nor a
guarantee of future performance and a loss of original capital may
occur. You should not enter into any transactions unless you have
fully understood all risks, that not all investments will be
suitable, and you have independently determined that such
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involves risk, including loss of the principal amount invested.
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BNY Mellon (including its broker-dealer affiliates) may have long
or short positions in any currency, derivative or instrument
discussed herein. BNY Mellon has included data in this material
from information generally available to the public from sources
believed to be reliable. Any price or other data used for
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representations or warranties are made, and BNY Mellon assumes no
liability, as to the suitability of any products and services
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completeness of any information or data contained in this
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time without notice. ©2023 BNY Mellon Capital Markets, LLC.
All rights reserved. Trademarks, service marks and logos are
the property of their respective owners. Securities Products:
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1
https://www.pionline.com/largest-money-managers/2022
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SOURCE BNY Mellon