BNY Mellon launches buy-side trading

BNY Mellon has launched an outsourced trading service for buy-side institutions. The offering by BNY Mellon Capital Markets, LLC will be powered by xBK, the buy-side trading division that executes more than USD1trn in volumes on average annually for the company’s investment management franchise. BNY Mellon plans to offer clients a range of services, including:

Coverage of all major asset classes, with the ability to transact across most global markets;
Expertise in supporting complex workflows of more than 150 investment products across equity, fixed income, and global asset allocation strategies; and
Data science capabilities which utilise quantitative insights to fine-tune execution strategies, reduce transaction costs and execute trades within a risk-controlled framework.

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