BNY Mellon Unveils Direct-to-custody Trading Platform

BNY Mellon has announced the launch of a new digital direct-to-custody trading solution for clients’ investment and cash management needs. Named NEXEN Markets, the platform is designed to enable clients to place equity, ETF and US Treasury orders directly from their accounts. According to a story in The Trade news, the platform will provide clients with a real-time view of cash balances and positions, with a view to supporting straight-through processing and mitigating settlement and operational risks. Additional features include direct electronic order communication from custody accounts, real-time trade execution data, price stream for click-to-trade capabilities, and automated end-to-end processing from trade to settlement.