New platform helps clients manage and
centralize their portfolios, regardless of where they
custody, prime or settle trades
Builds on OneFX suite of
solutions and banking capabilities for all
FX trading, hedging and cross-border
payment activities
NEW
YORK, Oct. 25, 2023 /PRNewswire/ -- BNY Mellon
(NYSE: BK) announced today the launch of Universal FX, a new
foreign exchange (FX) platform that meets client needs to manage
execution across their entire portfolio and access market-leading
price transparency. Universal FX supports BNY Mellon clients across
all market segments, such as investment managers, corporates, hedge
funds and wealth managers, as well as helping them navigate the
industry transition to T+1 settlement.
Today, the investment management industry often manages
portfolios across several providers resulting in an inconsistent FX
execution experience. Through Universal FX, clients can now manage
their whole portfolio, irrespective of where they custody, prime
broker or settle trades. The solution provides access to Developed
Market and Emerging Market currency execution, enhancing the FX
experience for clients globally.
"Clients often have fragmented portfolios, causing friction,
lack of transparency and inconsistency while accessing services
across pricing, execution and post-trade," said Jason Vitale, Head of Global Markets Trading,
BNY Mellon. "With the launch of Universal FX and our existing
OneFX product suite, our clients can now control and customize
their portfolio in one place – gaining 360-degree insight,
providing a seamless experience across the entire execution
process. This also comes at a unique moment as clients seek
streamlined solutions to adjust to the T+1 settlement
cycle."
This new offering builds on BNY Mellon's OneFX suite of
innovative solutions and banking capabilities for all FX
trading, FX hedging and cross-border payment activities. OneFX
is designed to seamlessly connect the entire FX spectrum,
ensuring clients around the world have access to the latest new
features and functionalities from BNY Mellon as they become
available.
For more details on Universal FX and the OneFX portfolio of
solutions at BNY Mellon, visit
https://certainty-bnymellon.com/FX.html.
About BNY Mellon
Established in 1784, BNY Mellon is America's oldest bank and the
first company listed on the New York Stock Exchange (NYSE:
BK). Today, BNY Mellon powers capital markets around the
world through comprehensive solutions that help clients manage and
service their financial assets throughout the investment life
cycle. BNY Mellon had $45.7
trillion in assets under custody and/or administration and
$1.8 trillion in assets under
management as of Sept. 30, 2023. BNY
Mellon has been named among Fortune's World's Most Admired
Companies and Fast Company's Best Workplaces for Innovators.
BNY Mellon is the corporate brand of The Bank of New York Mellon
Corporation. Additional information is available on
www.bnymellon.com. Follow us on LinkedIn or visit our
Newsroom for the latest company news.
Media Contact:
Ryan Wells
+1 212 298 1249
ryanw@bnymellon.com
View original
content:https://www.prnewswire.com/news-releases/bny-mellon-launches-universal-fx-301966645.html
SOURCE BNY Mellon