BNY Mellon is creating a new company to clear futures and derivatives trades on behalf of its institutional clients.
Pershing has introduced an iPad-compatible version of NetX360, its open-architecture technology system that lets customers manage their brokerage and advisory business on a single platform.
BNY Mellon has launched an auction marketplace where fixed income securities buyers and sellers can transact anonymously in real time.
BNY Mellon Treasury Services today announced the successful deployment of an advanced bill presentment and processing solution used by the American Red Cross to bill hospitals and other health care providers for Red Cross services in connection with the provision of blood products.
BNY Mellon, the global leader in asset management and securities servicing, is to provide derivatives collateral management services to the German investment management industry, via its DM Edge platform.
Pershing Limited, a BNY Mellon company, announced today that it has launched GlobalClear®, a new back-office outsourcing solution that streamlines clearing, settlement and custody for institutional broker-dealers in Europe.
Ivy Asset Management today issued the following statement in response to a civil complaint filed by the New York Attorney General. The complaint relates to non-discretionary advisory services that Ivy provided to a limited number of professional investment advisors who, in turn, chose to invest their own clients' assets with Bernard L. Madoff Investment Securities. Ivy previously notified its clients that it was winding down its remaining fund of hedge funds business.
Attorney General Andrew M. Cuomo today filed a lawsuit against Ivy Asset Management, LLC ("Ivy"), its former Chief Executive Officer Lawrence Simon, and its former Chief Investment Officer Howard Wohl, for deliberately misleading clients about investments tied to Bernard L. Madoff. The suit alleges that Ivy and the two principals kept their clients in the dark about damaging financial information about Madoff so Ivy could bring in millions in advisory fees.
BNY Mellon and Standard Chartered today announced the launch of Standard Chartered's new Web-based remittance service, Transfer2Home.
BNY Mellon Asset Servicing, the global leader in securities servicing, has introduced new dashboard style reporting functionality to assist asset owners and asset managers in gaining greater visibility into their securities lending portfolio. The new reports provide both detailed and executive summary level information on earnings, loan values, credit quality and other account activity designed to help decision-makers evaluate performance and potential exposures across their sec lending positions.
© Finextra Research 2013