Bloomberg AIM to Offer Access to BNY Mellon Custody Data

BNY Mellon has struck a partnership with Bloomberg where custodian data will be made available through the Bloomberg AIM order management system (OMS). According to a story in The Trade news, buy-side firms using Bloomberg AIM that are mutual clients of BNY Mellon will be able to gain direct access to its custody and fund accounting data, as well as analytical workflow tools. The move is the second this year after BNY Mellon teamed with BlackRock in April to create a front-to-back data service for its 40-50 mutual customers via Aladdin. The partnership with Bloomberg could involve a wider range of mutual clients, since AIM is widely by asset managers, according to research from Greenwich Associates in March. The two alliances are also the cornerstone of BNY Mellon’s open architecture strategy, effectively allowing the custodian to work with the trading platforms of their buy-side clients.