NEW YORK, Oct. 13, 2015 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has
launched a new US government securities clearance platform that
provides clients with industry leading processing speed, custom
reporting and analytics, and a dashboard that serves as a central
hub for monitoring and managing transactions and positions on a
real-time basis. The new platform provides seamless access to the
Federal Reserve Bank's book-entry system with millisecond response
time for client's clearing and settlement activities.
"We've made significant investments in our technology platform
to provide our clients with what they need – instantaneous response
time, an aggregated dashboard displaying all activity with
innovative drill down capabilities, and data and analytics that
provide insights for improved decision-making," said Brian Ruane, CEO of Broker-Dealer and Tri-Party
Services. "With large trading volumes and volatility,
efficient securities clearance and servicing requires a commitment
like ours to the latest technology and infrastructure."
The new platform leverages architectural tools and metrics to
help clients manage and monitor their programs across various
user-defined levels. In addition, BNY Mellon has
significantly enhanced the overall user experience while preserving
the core capabilities to which clients have become
accustomed.
"The smart use of our technology capabilities helps power
investment success for clients across all of our businesses,
including government securities clearance," said Kevin Fedigan, Chief Technology Officer,
Broker-Dealer and Tri-Party Services. "Our platform is powered by
home-grown, award-winning technology that reflects the needs of our
client base and the markets, while being supported by business and
technology staff who understand the dynamics and trends in the
clearance market."
BNY Mellon Broker-Dealer Services clears and settles equity and
fixed income transactions in over 100 markets and is an industry
leader in transactions cleared through the Federal Reserve Bank of
New York.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of June 30, 2015, BNY Mellon had $28.6 trillion in assets under custody and/or
administration, and $1.7 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Additional information is available on www.bnymellon.com.
Follow us on Twitter @BNYMellon or visit our newsroom at
www.bnymellon.com/newsroom for the latest company news.
Contact:
Ron Sommer
+1 412 236 0082
ron.sommer@bnymellon.com
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SOURCE BNY Mellon