New platform supports clients Manage and centralize your portfolioNo matter where you store, prime, or settle your transactions;
Built on OneFX solution suite and banking functions Supports all FX trading, hedging and cross-border payments activity
new york, October 25, 2023 /PRNewswire/ — BNY Mellon (NYSE:BK) today announced Universal FX, a new foreign exchange (FX) platform that meets customers’ needs to manage execution across their portfolios and gain market-leading price transparency. announced the launch of Universal FX supports his BNY Mellon clients across all market segments, including investment managers, corporates, hedge funds and wealth managers, and will assist him in the industry’s transition to T+1 settlement.
Currently, the investment management industry often manages portfolios across multiple providers, resulting in an inconsistent FX execution experience. Through Universal FX, customers can now manage their entire portfolio, regardless of trade storage, prime broker, or trade settlement location. This solution provides access to developed and emerging market currency execution, improving the FX experience for clients worldwide.
“Customers often have fragmented portfolios, creating friction, lack of transparency and consistency in accessing pricing, execution and post-trade services,” he said. Jason VitaleHead of Global Market Trading at BNY Mellon. “The launch of Universal FX and our existing OneFX product suite now allows our clients to manage and customize their portfolios in one place, providing 360-degree insights and a seamless experience throughout the execution process. This also comes at a unique time.”Customers are looking for streamlined solutions to adapt to the T+1 payment cycle. ”
This new service is built on BNY Mellon’s OneFX suite of innovative solutions and banking capabilities, covering all foreign exchange trading, currency hedging and cross-border payment activities. OneFX is designed to seamlessly connect the entire FX spectrum, allowing clients around the world to access his BNY Mellon’s latest new features at any time.
For more information about Universal FX and BNY Mellon’s OneFX solution portfolio, please visit: https://certainty-bnymellon.com/FX.html.
About BNY Melon
Founded in 1784, BNY Mellon is America’s oldest bank and the first company listed on the New York Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment lifecycle. BNY melon had $45.7 trillion Assets under custody and/or management, and $1.8 trillion Current asset balance under management September 30, 2023. BNY Mellon has been named one of Fortune’s “World’s Most Admired Companies” and Fast Company’s “Best Places to Work for Innovators.” BNY Mellon is a corporate brand of Bank of New York Mellon Corporation. Additional information is available at: www.bnymellon.com. Follow us on LinkedIn or visit our newsroom for the latest company news.
Media contact:
ryan wells
+1 212 298 1249
ryanw@bnymellon.com
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SOURCE BNY Melon
