BNY Mellon Introduces Outsourced Trading to Buy-Side Institutions

BNY Mellon announced recently a new outsourced trading offering for buy-side institutions globally, including asset managers and asset owners. The offering by BNY Mellon Capital Markets, LLC will be powered by xBK, the buy-side trading division.

This comprehensive, global multi-asset trading service will give clients significant opportunities for operational and strategic efficiencies, savings and expansion.

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."

The outsourced trading offering can help clients to reduce spending on data, trading infrastructure, analytics and reporting, and all associated trade execution support functions; access BNY Mellon's portfolio of services across front, middle and back-office functions, etc., according to the official press release.

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."