BNY Mellon launches Form PF reporting solution


Related fund data links BNY Mellon Asset Manageme…

via Pocket http://www.hedgeweek.com/2013/06/28/186638/bny-mellon-launches-form-pf-reporting-solution July 01, 2013 at 06:45PM

BNY Moscow Partnership Bolsters Bid to Attract Investors


The Moscow Exchange (MOEX) is joining with Bank of New York Mellon Corp., the world’s largest custody bank, to ease conversion between Russian stocks and depositary receipts as it changes rules to lure foreigners to domestic equities.

via Pocket http://www.bloomberg.com/news/2013-06-18/bny-moscow-partnership-bolsters-bid-to-attract-investors.html June 20, 2013 at 07:10PM

FastMatch Launches Matching Engine in Equinix LD4 Data Center in London


FastMatch Launches Matching Engine in Equinix LD4 Data Center in London

http://low-latency.com/article/fastmatch-launches-matching-engine-equinix-ld4-data-center-london/?utm_source=weekly&utm_medium=email&utm_campaign=ll_13-06-20

Equinix, the global interconnection and data center company, together with FastMatch, an Electronic Communication Network (ECN) for foreign exchange trading, today announced the launch of a new ECN matching engine in Equinix’s London Slough International Business Exchange (IBX) data center campus.

FastMatch currently operates its FX Spot and metals ECN matching engine from the Equinix NY4 data center in New York. The additional matching engine in London will offer FastMatch clients in the European region access to real-time transparent quotes and trade information, as well as complete redundancy to the platform.

As trading markets become more interrelated, investors are seeking local access to a wider range of asset classes and instruments in order to effectively manage risk in an increasingly complex and competitive environment. By deploying among the growing financial ecosystem inside Equinix, FastMatch makes its systems directly accessible alongside a wide range of other venues, data providers and financial institutions, allowing investors greater choice and flexibility.

FastMatch clients can trade across an array of unique liquidity sub-pools each governed by its own distinct rules of trading. FastMatch also enables institutional clients to easily transact large sizes with minimum market impact by using order types like hidden pegged to midpoint, reserve and minimum quantity.

The FastMatch ECN is based on technology that underpins the world’s largest equities crossing system, the Credit Suisse Crossfinder matching engine, which has been re-tooled and tailored to meet the needs of global foreign exchange markets.

FastMatch launched in the summer of 2012 and is a joint venture of FXCM, Inc. and Credit Suisse Group AG, later adding Bank of New York Mellon as a third backer in 2013. The company strives to offer its customers access to large pools of diversified liquidity at unparalleled speed with complete transparency in an optimal location.

Dmitri Galinov, CEO, FastMatch: “London is an FX trading capital of the world, yet traders in Europe currently have no access to real-time quotations or trades from any major FX ECN. The prices are either intentionally delayed or coming from the United States. We are excited to deliver real-time transparency to this previously underserved region.”

Stewart Orrell, managing director, Global Capital Markets, Equinix: “As the Equinix financial ecosystem continues to globalize, we’re seeing more trading venues deploy multiple storefronts in various cities to extend their ability to reach market participants around the world. With the launch of its matching service in the Slough campus, FastMatch is certainly on the right track to gain a competitive edge in today’s global marketplace.”

 

Eagle Addresses Regulation with LEI, Cleared Swaps Support


Eagle Addresses Regulation with LEI, Cleared Swaps Support

http://www.referencedatareview.com/article/eagle-addresses-regulation-lei-cleared-swaps-support/?utm_source=weekly&utm_medium=email&utm_campaign=rdr_13-06-19-general

Eagle Investment Systems (Eagle), a leading provider of financial services technology and a subsidiary of BNY Mellon, announced that the most recent release of its portfolio management platform supports regulation for legal entity identifier (“LEI”) and recent cleared swap requirements from the Dodd-Frank legislation.

The LEI initiative has designed a standard universal identifier for organizations involved in financial transactions. Required for regulatory reporting and global efficiency, the industry is now implementing these standardized legal entity identifiers. By adopting LEI, organizations are achieving increased efficiencies in managing entity data and measuring and managing risk. Eagle is helping firms meet this requirement by enabling them to store, analyze and report LEI for a variety of legal entities such as issuers, counterparties, brokers, exchanges and depositories.

As a result of Dodd-Frank legislation, mandates are now requiring swaps transactions to clear through exchanges to help reduce counterparty risk and bring transparency to the over-the-counter (OTC) derivatives market. Through its integrated portfolio management suite, Eagle has streamlined the processing of cleared swaps for clients through enhanced software that now captures and calculates specific deal information.

“Eagle is committed to staying abreast of regulatory changes to help our clients adapt to shifting markets and remain focused on growing their assets,” said John Lehner, president and CEO of Eagle. “We continue to make substantial investments in our products to help simplify risk management and reporting requirements for clients.”

Eagle is hosting an industry webcast, “A 360° View of LEI” at 11:00 a.m. EDT on May 15, where a panel of industry thought leaders will discuss the evolution of LEI and what companies need to consider to meet this regulatory reporting requirement.

Eagle is committed to helping financial institutions worldwide grow assets efficiently with its innovative portfolio management suite of data management, investment accounting and performance measurement solutions that are delivered over its secure private cloud, Eagle ACCESSSM. Since 1989, Eagle has deployed trusted solutions and services that create operational efficiencies and help reduce complexity and risk.

BNY Mellon’s Asset Servicing business supports institutional investors in today’s fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of March 31, 2013, BNY Mellon had $26.3 trillion in assets under custody and/or administration and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation.

 

Major Clearing Brokers Announce Support for the ISDA Clearing Connectivity Standard in Accordance with June 10(th) Clearing Deadline


Announcement Follows Industry Support by ISDA in Conjunction with Sapient Global Markets and the Major Custodian Banks for a Standard Reporting Format for Cleared OTC Derivatives Trades NEW YORK–(BUSINESS WIRE)–June 10, 2013– The International Swaps and Derivatives Association, Inc.

via Pocket http://online.wsj.com/article/PR-CO-20130610-905706.html June 15, 2013 at 06:41PM

BNY Mellon unveils new intraday liquidity analytics service


BNY Mellon’s treasury services group has launched Intraday Liquidity Analytics. The new electronic e-banking offering aims to help corporate clients and other investors address liquidity transparency and intraday overdraft coverage requirements under the Basel III capital adequacy regime.

via Pocket http://www.bobsguide.com/guide/news/2013/May/13/bny-mellon-unveils-new-intraday-liquidity-analytics-service.html May 16, 2013 at 07:47PM

BNY upgrades collateral management service


http://thetradenews.com/news/Asset_Classes/Derivatives/BNY_upgrades_collateral_management_service.aspx

Apr 10, 2013

BNY upgrades collateral management service

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BNY Mellon Appointed as Depositary Bank by Austrian Post


BNY Mellon, the global leader in investment management and investment services, has been appointed by Oesterreichische Post AG (Austrian Post) as the depositary bank for its American depositary receipt (ADR) program.

via Pocket http://www.bobsguide.com//guide/news/2013/Apr/5/bny-mellon-appointed-as-depositary-bank-by-austrian-post.html April 05, 2013 at 02:35PM

BNY Mellon releases regulatory update on securities lending


The white paper is avaialble directly here:–>securitieslending-0213

BNY Mellon releases regulatory update on securities lending

I have to admit; I really like white papers. They are relatively short, to the point, and highlight all these issues someone should focus on.

In this installment , BNY provide an update on some of the reforms discussed in their prior publication and summarize the major developments that took place in 2012. The news is that Securities Lending are now viewed as part of global rules impacting all market participants rather than indirectly focused through firm-specific supervision.

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