New platform helps clients manage and centralize their portfolios, regardless of where they custody, prime broker or settle trades
Builds on OneFX suite of solutions and banking capabilities for all FX trading, hedging and cross-border payment activities
BNY Mellon announced the launch of Universal FX, a new foreign exchange (FX) platform that meets client needs to manage execution across their entire portfolio and access market-leading price transparency. Universal FX supports 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.
Today, the investment management industry often manages portfolios across several providers resulting in an inconsistent FX execution experience. Through Universal FX, clients can now manage their whole portfolio, irrespective of where they custody, prime broker or settle trades. The solution provides access to Developed Market and Emerging Market currency execution, enhancing the FX experience for clients globally.
“Clients often have fragmented portfolios, causing friction, lack of transparency and inconsistency while accessing services across pricing, execution and post-trade,” said Jason Vitale, Head of Global Markets Trading, BNY Mellon. “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.”
This new offering builds on BNY Mellon’s OneFX suite of innovative solutions and banking capabilities for all FX trading, FX hedging and cross-border payment activities. OneFX is designed to seamlessly connect the entire FX spectrum, ensuring clients around the world have access to the latest new features and functionalities from BNY Mellon as they become available.
Source: BNY Mellon
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
https://www.marketsmedia.com/as-technology-evolves-asset-managers-adapt-and-innovate/
Citi Changes Organizational Structure
https://www.marketsmedia.com/citi-changes-organizational-structure/
SEC Charges Virtu for Disclosures Relating to Information Barriers
https://www.marketsmedia.com/sec-charges-virtu-for-disclosures-relating-to-information-barriers/
ICE Futures Singapore Partners with CoinDesk Indices
https://www.marketsmedia.com/ice-futures-singapore-partners-with-coindesk-indices/
Related articles
-
Susquehanna Private Equity Investments, IMC and CTC were co-investors.
-
Efficient credit management allows for more flexible and scalable FX execution.
-
Euronext has announced the purchase of a power futures business & the launch of fixed income derivatives.
-
Demand for state-of-the-art execution algorithms in FX is growing rapidly.
-
Since October 2008 overall FX turnover has nearly doubled from $1.7bn to $3.2bn.