BNY Mellon, America’s oldest bank, has introduced a
new platform for foreign exchange (FX) management. This offering addresses the
growing need for clients to manage their portfolios while accessing
market-leading price transparency efficiently, the company said.
Dubbed Universal FX, the new platform caters to a
wide range of market segments, from investment managers to wealth managers,
offering a solution to the transition of the industry to T+1 settlement.
Jason Vitale, the Head of Global Markets Trading at
BNY Mellon, stated: “Clients often have fragmented portfolios, causing
friction, lack of transparency and inconsistency while accessing services
across pricing, execution and post-trade.”
“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.”
Universal FX provides access to currency execution
in both developed and emerging markets, significantly enhancing the FX
experience for clients on a global scale. It enables clients to oversee their
entire portfolio, regardless of where they hold their assets or execute trades.
BNY Mellon’s Expanding Reach
Universal FX doesn’t operate in isolation. It builds
upon the foundation of BNY Mellon’s OneFX suite, a set of solutions and banking
capabilities that encompass all aspects of FX trading, hedging, and
cross-border payment activities.
Founded in 1784, BNY Mellon is America’s oldest bank
that was the first to be listed on the New York Stock Exchange. As of September
30, 2023, BNY Mellon oversees $45.7 trillion in assets under custody and
administration and managed $1.8 trillion in assets.
Recently, the bank introduced a white labeling
service to its LiquidityDirect platform. This service enables financial
institutions to access liquidity management solutions for their clients.
According to a statement released by the bank, the first to embrace this
service is Morgan Stanley Investment Management.
Currently, LiquidityDirect facilitates nearly $15
trillion in annual transaction flow for over 6,000 of the world’s largest
institutional investors, presenting an array of innovative solutions tailored
to address dynamic investment and risk requirements.
BNY Mellon, America’s oldest bank, has introduced a
new platform for foreign exchange (FX) management. This offering addresses the
growing need for clients to manage their portfolios while accessing
market-leading price transparency efficiently, the company said.
Dubbed Universal FX, the new platform caters to a
wide range of market segments, from investment managers to wealth managers,
offering a solution to the transition of the industry to T+1 settlement.
Jason Vitale, the Head of Global Markets Trading at
BNY Mellon, stated: “Clients often have fragmented portfolios, causing
friction, lack of transparency and inconsistency while accessing services
across pricing, execution and post-trade.”
“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.”
Universal FX provides access to currency execution
in both developed and emerging markets, significantly enhancing the FX
experience for clients on a global scale. It enables clients to oversee their
entire portfolio, regardless of where they hold their assets or execute trades.
BNY Mellon’s Expanding Reach
Universal FX doesn’t operate in isolation. It builds
upon the foundation of BNY Mellon’s OneFX suite, a set of solutions and banking
capabilities that encompass all aspects of FX trading, hedging, and
cross-border payment activities.
Founded in 1784, BNY Mellon is America’s oldest bank
that was the first to be listed on the New York Stock Exchange. As of September
30, 2023, BNY Mellon oversees $45.7 trillion in assets under custody and
administration and managed $1.8 trillion in assets.
Recently, the bank introduced a white labeling
service to its LiquidityDirect platform. This service enables financial
institutions to access liquidity management solutions for their clients.
According to a statement released by the bank, the first to embrace this
service is Morgan Stanley Investment Management.
Currently, LiquidityDirect facilitates nearly $15
trillion in annual transaction flow for over 6,000 of the world’s largest
institutional investors, presenting an array of innovative solutions tailored
to address dynamic investment and risk requirements.
