BNY Mellon digs deep into its own data in an effort to shine a light on processes which need to improve before May, as expert explains to sister publication, Global Custodian, how results show concerns for Europe, certain profiles of client and why it may just be a case of adjusting to not rely on that extra day.
The platform has experienced record growth this year, with the average daily notional value of net calculations consistently exceeding $115 billion in the last 12 months.
As the landscape of the trading world continues to change – spurred by technological advancements, geopolitical change and social pressures – so too are the traders themselves. Claudia Preece takes stock of the market’s perspectives on the adage of ‘the ideal trader,’ delving into key characteristics, both the pervasive and the fading.
Named Universal FX, the new offering will allow clients to manage and centralise their portfolios irrespective of where they custody, prime or settle trades.
Morgan Stanley Investment Management will be the first to adopt the new offering, delivering efficient cash management solutions to clients.
The past week saw appointments across foreign exchange, rates algo trading, markets and execution services.
Individual has previously worked across Europe, North America and Asia and held senior positions at Standard Chartered Bank and Deutsche Bank.
As of last month, Eurex reported record volumes in its cleared repo markets, doubling across all markets year on year.
Incoming appointment joins from BNY Mellon, where he served as an equity trader; previously held positions at State Street Global Markets, Northern Trust, Financial Times and Deloitte.
Major service providers including BNY Mellon, State Street, UBS and Northern Trust have all expanded their outsourced trading capabilities to meeting growing demand from buy-side organisations.