BNY Mellon has announced the launch of a new digital direct-to-custody trading solution for clients’ investment and cash management needs.
Named NEXEN Markets, the platform is designed to enable clients to place equity, ETF and US Treasury orders directly from their accounts.
Launching this week, the platform will provide clients with a real-time view of cash balances and positions, with a view to supporting straight-through processing and mitigating settlement and operational risks.
Additional features include direct electronic order communication from custody accounts, real-time trade execution data, price stream for click-to-trade capabilities, and automated end-to-end processing from trade to settlement.
BNY Mellon ranks among the top 12 dealers in executive Treasury bill volume on Bloomberg and is an authorised participant for over 40 ETF issuers.