BNY Mellon (NYSE:BK) introduced immediately the launch of Common FX, a brand new international change platform that meets consumer must handle execution throughout their complete portfolio and entry market-leading worth transparency.
Common FX helps BNY Mellon purchasers throughout all market segments, resembling funding managers, corporates, hedge funds and wealth managers, in addition to serving to them navigate the business transition to T+1 settlement.
At this time, the funding administration business typically manages portfolios throughout a number of suppliers leading to an inconsistent FX execution expertise. Via Common FX, purchasers can now handle their entire portfolio, regardless of the place they custody, prime dealer or settle trades. The answer gives entry to Developed Market and Rising Market forex execution, enhancing the FX expertise for purchasers globally.
“Shoppers typically have fragmented portfolios, inflicting friction, lack of transparency and inconsistency whereas accessing companies throughout pricing, execution and post-trade,” stated Jason Vitale, Head of International Markets Buying and selling, BNY Mellon. “With the launch of Common FX and our current OneFX product suite, our purchasers can now management and customise their portfolio in a single place – gaining 360-degree perception, offering a seamless expertise throughout the complete execution course of. This additionally comes at a singular second as purchasers search streamlined options to regulate to the T+1 settlement cycle.”
This new providing builds on BNY Mellon’s OneFX suite of progressive options and banking capabilities for all FX buying and selling, FX hedging and cross-border cost actions. OneFX is designed to seamlessly join the complete FX spectrum, guaranteeing purchasers world wide have entry to the most recent new options and functionalities from BNY Mellon as they develop into out there.