BNY Mellon launches UniversalFX 26 October 2023UK Reporter: Klea Neza
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BNY Mellon has announced the release of its new FX and trade execution product, UniversalFX.
Universal FX’s objective is to support 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.
The solution is designed to provide access to developed market and emerging market currency execution, enhancing the FX experience for clients globally.
The product enables FX optionality and transparency around the trade execution process, granting users increased execution control of their entire portfolio.
Jason Vitale, head of global markets trading at BNY Mellon, says: "With the launch of Universal FX and our existing OneFX product suite, our clients can now control and customise their portfolio in one place – gaining 360-degree insight and providing a seamless experience across the entire execution process, as clients seek streamlined solutions to adjust to the T+1 settlement cycle."
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