The Bank of New York Mellon's Pershing Unit to Provide Customers with Access to Innovative Trading Technology Solutions from Neo
July 23 2007 - 9:00AM
PR Newswire (US)
JERSEY CITY, N.J., July 23 /PRNewswire-FirstCall/ -- Pershing LLC,
a subsidiary of The Bank of New York Mellon Corporation, has added
Neovest, Inc. to its suite of comprehensive open architecture
trading technology solutions. Neovest provides financial technology
services to buy- and sell-side financial institutions. Neovest's
solutions are available to introducing broker-dealer firms through
Pershing LLC and to independent registered investment advisors
through Pershing's affiliate, Pershing Advisor Solutions LLC.
Through Neovest's platform, Pershing's customers are able to
leverage a broad array of sophisticated trading technology tools
and solutions to help them achieve best execution and enhance their
competitive position. Key features and functionality include: --
Multi-asset direct market access encompassing equities and options
trading; -- Advanced electronic communication network (ECN) and
exchange aggregation, broker routing, crossing and algorithmic
order routing aggregation; -- Cutting-edge order management
functionality and risk monitoring capabilities with the ability to
display real-time profit and loss, holdings and position
information; -- Real-time market data and advanced analytics, which
includes flexible technical analysis charting, scrolling news, ECN
depth of book, predefined filters, reverse filtering and alerts.
The addition of Neovest's capabilities to Pershing's suite of
trading solutions enhances Pershing's ability to provide its
customers and their clients with a wide range of robust trading
services, which include equity and fixed income trading,
international trading, flexible cutting-edge technology,
operational support and best execution. Craig Messinger, managing
director of trading services at Pershing, said, "As a leading
provider of an extensive range of open architecture trading
solutions to the global capital markets, we continuously explore
opportunities to offer our customers access to best-of-breed
products, services and solutions. Neovest's flexible trading
technology and market analytics will provide our customers with the
tools they need to help them grow their businesses." Pershing LLC
is a leading global provider of financial business solutions to
more than 1,150 institutional and retail financial organizations
and independent registered investment advisors who collectively
represent over five million active investors. Financial
organizations, investment professionals and independent registered
investment advisors depend on Pershing's depth of experience and
consultative approach to provide them with forward-thinking
solutions that help them to grow their businesses. Located in 19
offices worldwide, Pershing is committed to service excellence and
to providing dependable operational support, robust trading
services, flexible technology, an expansive array of investment
solutions and practice management support. Pershing (member
NASD/NYSE/SIPC) is a member of every major U.S. securities exchange
and its international affiliates are members of the Deutsche Borse,
the Irish Stock Exchange and the London Stock Exchange. Pershing
LLC is a subsidiary of The Bank of New York Mellon Corporation.
Additional information is available at http://www.pershing.com/.
Pershing Advisor Solutions LLC (NASD/SIPC) is an affiliate of
Pershing LLC and a leading provider of financial business solutions
to independent, fee- based registered investment advisors and
dually-registered advisors working in conjunction with many of
Pershing LLC's introducing broker-dealer customers. Through an
innovative custody platform, Pershing Advisor Solutions delivers
superior expertise and scalable and customizable solutions to help
its customers manage and grow their fee-based businesses.
Additional information is available at
http://www.pershingadvisorsolutions.com/. The Bank of New York
Mellon Corporation is a global financial services company focused
on helping clients manage and move their financial assets,
operating in 37 countries and serving more than 100 markets. The
company is a leading provider of financial services for
institutions, corporations and high-net-worth individuals,
providing superior asset management and wealth management, asset
servicing, issuer services and treasury services through a
worldwide client-focused team. It has more than $20 trillion in
assets under custody and administration and more than $1 trillion
in assets under management, and it services more than $11 trillion
in outstanding debt. Additional information is available at
http://www.bnymellon.com/. Neovest is a wholly-owned subsidiary of
JPMorgan Chase & Co. (NYSE:JPM). DATASOURCE: The Bank of New
York Mellon Corporation CONTACT: Barbara Gallo, +1-201-413-2930, or
, for The Bank of New York Mellon Corporation Web site:
http://www.bankofny.com/ http://www.bnymellon.com/
http://www.pershing.com/ http://www.pershingadvisorsolutions.com/
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