BNY Mellon to Provide Outsourced Trading Solution to Buy-side

BNY Mellon has announced a new outsourced trading offering for buy-side institutions globally, which it claims will provide opportunities for improved operational and strategic efficiencies, savings and expansion. The offering from BNY Mellon Capital Markets will be powered by xBK, the firm’s buy-side trading division, which executes over $1 trillion in volumes annually for its investment management franchise. The expanded outsourced trading offering will give clients the ability to reduce spending on data, trading infrastructure, analytics and reporting, as well as all associated trade execution support functions. Clients will also be able to leverage the firm’s economies of scale when expanding into new asset classes and regions.