BNY Mellon is expanding its Custody FX offering, adding new trading capabilities and evolving from a primarily custody-focused service model into a transparent open architecture that can be leveraged by a variety of client types for their rules-based, end-to-end transaction needs. Effective immediately, clients in the FX trading programs can customise how they trade currencies through BNY Mellon, among other new improvements introduced to the firm’s Custody FX programs to increase transparency and provide more flexibility for participants.
The enhancements deliver more autonomy for users to transact in the manner in which they wish. Among the new capabilities, FX trading program clients can now achieve improved large order execution via access to algorithmic execution methods for orders over a certain size.