BNY integrates CollateralOne and LiquidityDirect platforms
Through the move, the buy-side is set to benefit from an enhanced platform which allows them to automate and use MMFs as collateral on triparty by transforming excess cash.
Through the move, the buy-side is set to benefit from an enhanced platform which allows them to automate and use MMFs as collateral on triparty by transforming excess cash.
UK asset manager Liontrust Asset Management confirmed that it was exploring outsourcing parts of its trading to BNY back in January.
The past two weeks saw appointments across multi-assets, sales and fixed income trading.
Individual brings extensive electronic equities trading experience, and previously worked at Elwood Technologies, IEX Exchange and JP Morgan.
According to a trading update seen by The TRADE, the asset manager is exploring “deepening” its existing strategic relationship with BNY through outsourcing trading outside of the UK.
The past week saw appointments across trading, fixed income, equities, sales and capital markets.
Individual has previously served at: Stifel, ITG Virtu, and Pi-Finance.
Individual has previously served at: Pershing EMEA, Instinet, Tullett Prebon, ABN AMRO Bank and BNY.
The integration of BNY’s two buy-side platforms is set to allow users to centralise their collateral and financing activities.
“The new indicators are designed to provide transparency into unexpected market moves and show how markets have acted historically, helping to determine the potential vulnerabilities around shock events,” explained BNY.