LONDON, April 25, 2016
/PRNewswire/ -- BNY Mellon, a global leader in investment
management and investment services, has been appointed by
Winterflood Securities to provide US DTCC and Canadian securities
clearing and custody services.
BNY Mellon Broker-Dealer Services will provide clearing and
settlement services, operating as a direct participant in the US
and through a single sub-custodian in Canada. Winterflood Securities will benefit
from BNY Mellon's enhanced clearing solution, which permits earlier
transmission of client orders to the North American market,
allowing for realignment of collateral should it be required.
Simon Rafferty, Chief Operating
Officer at Winterflood Securities, said: "BNY Mellon impressed us
with its experience and knowledge of the North American securities
market and its prominence as a leading custody and clearing
provider was an important factor in our decision. BNY Mellon is
able to provide us with a solution tailored to our specific trading
requirements that allows us to deliver timely, high quality
services to our clients."
Scott Coey, Head of Broker-Dealer
Services EMEA at BNY Mellon, said: "We continue to invest in our
technology and solutions to provide our clients with market
leading, comprehensive clearing and settlement services. The
functionality will provide Winterflood with more timely trading in
the US and Canada and a more efficient and streamlined trading
process."
BNY Mellon Broker-Dealer Services is respected for its
international reach and strong track record in clearing and
custody. It was recognised as Clearing Provider of the Year for the
sixth time in seven years in Custody Risk magazine's European
Awards 2015.
BNY Mellon
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 Mar. 31, 2016, BNY Mellon had
$29.1 trillion in assets under
custody and/or administration, and $1.6
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.
Winterflood Securities
Winterflood Securities is a
leading market maker committed to providing liquidity and flexible
execution services to retail brokers, asset managers and
institutional investors. Winterflood's strengths are a combination
of traditional trading values and the performance of our own
cutting- edge technology.
Our experienced team of traders helps clients achieve high
quality execution in over 15,000 tradeable instruments including
UK, European and North American Equities together with Investment
Trusts, Exchange Traded Products, Fixed Income, Structured Products
and Funds.
Founded in 1988, Winterflood has gone from being a niche market
maker in the UK Small Cap market to a major liquidity provider
across multiple asset classes in the UK and European markets.
Winterflood is authorised and regulated by the Financial Conduct
Authority.
Winterflood Securities is a wholly owned subsidiary of Close
Brothers Group plc, a leading UK merchant banking group providing
lending, deposit taking, wealth management services, and securities
trading. The group employs 2,900 people, principally in the UK.
Close Brothers Group plc is listed on the London Stock Exchange and
is a constituent of the FTSE 250 index.
This press release is issued by The Bank of New
York Mellon to members of the financial press and media.
All information and figures source BNY Mellon
unless otherwise stated as of Mar. 31,
2016.
The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818.
Branch office: One Canada
Square, London E14 5AL. The
Bank of New York Mellon is supervised and regulated by the
New York State Department of
Financial Services and the Federal Reserve and authorised by the
Prudential Regulation Authority.
The Bank of New York Mellon London branch is
subject to regulation by the Financial Conduct Authority and
limited regulation by the Prudential Regulation Authority.
Details about the extent of our regulation by the
Prudential Regulation Authority are available from us on
request.
Contact:
Sally Moore / Anthony
Cornwell
+44 (0)20 3697
4200
BNYMellon@fourbroadgate.com
Stephanie Gopalakrisna
+44 (0)207 864 8923
Stephanie.gopalakrisna@pershing.co.uk
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/bny-mellon-to-provide-winterflood-securities-with-us-and-canadian-clearing-and-custody-300256325.html
SOURCE BNY Mellon