BNY Mellon Launches Round-the-Clock Dealing for Irish ETFs

BNY Mellon has introduced extended dealing hours for Irish-domiciled exchange-traded funds (ETFs) to enable global distribution of the products, according to a story in The Trade news. Known as 24×5 ETF dealing, BNY Mellon has increased dealing hours to ETF issuers by using its transfer agency hubs in Singapore and New York. This will allow issuers to deal Irish UCITS ETFs from Monday morning in Singapore through Friday afternoon in New York. The introduction of the new dealing services will enable distribution of Irish UCITS ETFs to the Asia-Pacific (APAC) and Latin America regions, two key markets for the expansion of the UCITS brand.