BNY Mellon has launched a new outsourced trading offering for buyside institutions globally, including asset managers and asset owners, to enhance their operational and strategic efficiencies, and savings as well as accelerate their expansion.
The offering by BNY Mellon Capital Markets will be powered by xBK, the firm’s buyside trading division that executes more than US$1 trillion in annual volume for its investment management franchise. The service seeks to help clients reduce spending on data, trading infrastructure, analytics and reporting, and all associated trade execution support functions. It also promises to help them efficiently expand into new asset classes and regions leveraging economies of scale, while improving trading outcomes through automation, innovation, and a systematic workflow.
BNY Mellon provides clients with access to its portfolio of services across front, middle and back-office functions. Services offered include coverage of all major asset classes, with the ability to transact across most global markets; expertise in supporting complex workflows of more than 150 investment products across equity, fixed income, and global asset allocation strategies; and data science capabilities which utilize quantitative insights to fine-tune execution strategies, reduce transaction costs and execute trades within a risk-controlled framework.