BNY Mellon launches outsourced trading solution for buy-side institutions
25 January 2023 US
Image: iamchamp
BNY Mellon has launched an outsourced trading solution for buy-side institutions. This is tailored to help its clients improve trading outcomes and reduce their spending on data analytics and reporting.
The offering, launched by BNY Mellon Capital Markets, will be powered by xBK, the buy-side trading division that executes more than $1 trillion in annual average trade volume for BNY Mellon’s Investment Management franchise.
The global multi-asset trading service will help clients to reduce spending on all associated trade execution support functions and expand into new asset classes and regions.
It has also been designed to improve trading outcomes through automation, innovation and systematic workflows.
In addition, clients will be able to access BNY Mellon’s portfolio of services across front-, middle- and back-office functions and refocus investments toward core competencies.
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 and expertise in supporting workflows of products across equity, fixed income and global asset allocation strategies.
Adam Vos, CEO of BNY Mellon markets and execution services, says: “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.”
Dragan Skoko, head of outsourced trading and xBK at BNY Mellon, comments: “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.
“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."
The offering, launched by BNY Mellon Capital Markets, will be powered by xBK, the buy-side trading division that executes more than $1 trillion in annual average trade volume for BNY Mellon’s Investment Management franchise.
The global multi-asset trading service will help clients to reduce spending on all associated trade execution support functions and expand into new asset classes and regions.
It has also been designed to improve trading outcomes through automation, innovation and systematic workflows.
In addition, clients will be able to access BNY Mellon’s portfolio of services across front-, middle- and back-office functions and refocus investments toward core competencies.
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 and expertise in supporting workflows of products across equity, fixed income and global asset allocation strategies.
Adam Vos, CEO of BNY Mellon markets and execution services, says: “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.”
Dragan Skoko, head of outsourced trading and xBK at BNY Mellon, comments: “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.
“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."
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