BNY Mellon's Pershing Unit Expands Suite of SWIFT Messaging Capabilities for Global Financial Services Organizations
October 14 2009 - 9:00AM
PR Newswire (US)
JERSEY CITY, N.J., Oct. 14 /PRNewswire-FirstCall/ -- Pershing LLC,
a BNY Mellon company, announced today that it has expanded its
Society for Worldwide Interbank Financial Telecommunication (SWIFT)
messaging capabilities for its introducing broker-dealer customers.
The enhanced SWIFT offering provides financial services
organizations with access to a wide range of secure financial
messages which enables them to communicate more efficiently and
effectively with Pershing across critical business and operational
areas. Pershing has offered its customers SWIFT messaging services
since 2001 to help them communicate clearance and settlement and
position and balance information. The expanded SWIFT messaging
offering now enables financial services organizations to
communicate a broader array of U.S. and non-U.S. dollar-related
activities such as order management, position and balance
information and corporate actions. Frank La Salla, managing
director of the global securities services group at Pershing said,
"SWIFT messaging has been, and continues to be, an important
vehicle for our customers throughout Europe and Asia to communicate
with our platform. This expanded offering will help our customers
enhance their operational efficiency and underscores our steadfast
commitment to provide our global customers with the tools and
technology solutions they need to better serve their investors and
grow their businesses." SWIFT is a member-owned cooperative that
provides the communications platform, products and services to
connect over 8,500 banking organizations, securities institutions
and corporate customers in more than 200 countries. SWIFT enables
its users to exchange automated, standardized financial information
securely and reliably, thereby lowering costs, reducing operational
risk and eliminating operational inefficiencies. SWIFT also brings
the financial community together to work collaboratively to shape
market practice, define standards and debate issues of mutual
interest. Additional information is available at
http://www.swift.com/. Pershing LLC (member FINRA/NYSE/SIPC) 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 approximately five million active investors. Located in
20 offices worldwide, Pershing and its affiliates are committed to
delivering dependable operational support, robust trading services,
flexible technology, an expansive array of investment solutions,
practice management support and service excellence. Pershing 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 BNY Mellon company. Additional information is available at
http://www.pershing.com/. BNY Mellon is the corporate brand of The
Bank of New York Mellon Corporation. BNY Mellon is a global
financial services company focused on helping clients manage and
service their financial assets, operating in 34 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, clearing
services and treasury services through a worldwide client-focused
team. It has $20.7 trillion in assets under custody and
administration, $926 billion in assets under management, services
$11.8 trillion in outstanding debt and processes global payments
averaging $1.8 trillion per day. Additional information is
available at http://www.bnymellon.com/. DATASOURCE: The Bank of New
York Mellon CONTACT: Barbara Gallo, +1-201-413-2930, Web Site:
http://www.bnymellon.com/
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