BNY Mellon launches outsourced trading offering for buy-side institutions
“The asset management industry is at a critical inflection point as it continues to address fee pressures, higher operating costs, increased trading complexity and heightened regulatory requirements.”
BNY Mellon has announced a new outsourced trading offering for buy-side institutions, including asset managers and asset owners.
Powered by xBK, the buy-side trading division that executes more than $1 trillion in volumes on average annually for the company’s Investment Management franchise, the global multi-asset trading service is intended to ensure operational and strategic efficiencies, savings, and expansion.
Outsourced trading provides efficiencies, savings, and expansion
The outsourced trading offering can help clients to:
- Reduce spending on data, trading infrastructure, analytics and reporting, and all associated trade execution support functions
- Efficiently expand into new asset classes and regions leveraging our economies of scale
- Improve trading outcomes through automation, innovation, and a systematic workflow
- Access BNY Mellon’s portfolio of services across front, middle and back-office functions
- Refocus investments toward core competencies and alpha generating activities
BNY Mellon’s xBK plans to offer external clients a range of services, including:
- Coverage of all major asset classes, with the ability to transact across most global markets
- Significant expertise in supporting complex workflows of more than 150 investment products across equity, fixed income, and global asset allocation strategies
- Data science capabilities which utilize quantitative insights to fine-tune execution strategies, reduce transaction costs and execute trades within a risk-controlled framework
BNY Mellon’s outsourced trading addresses clients’ operating and regulatory issues
Adam Vos, CEO of BNY Mellon Markets & Execution Services, said: “We are committed to supporting the buy-side as they position themselves for long-term growth and competitiveness. By leveraging the full scale of the BNY Mellon enterprise, combined with our expertise in trading, we are uniquely positioned to provide a high-quality outsourced trading offering to our clients worldwide.”
Dragan Skoko, Head of Outsourced Trading & xBK, BNY Mellon, said: “The asset management industry is at a critical inflection point as it continues to address fee pressures, higher operating costs, increased trading complexity and heightened regulatory requirements. Against this backdrop, we have expanded access to our deep execution expertise and invested heavily to build a cutting-edge technology stack. We are ready to meet our clients wherever they are along their journey to reduce costs, enter new markets faster or expand their investment product line-up.”
