BNY Mellon Capital Markets Launches Securities DIRECT® Electronic Portal
Investment portal gives clients access to broad range of debt products, provides extensive trading control and reporting features
Integration with BNY Mellon's custody and cash management platforms provides clients with high levels of straight-through processing efficiency
NEW YORK, Oct. 15, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, today announced the launch of Securities Direct®, an online portal offering a broad range of debt products to institutional investors. Securities DIRECT® is being provided by BNY Mellon Capital Markets, LLC, an SEC registered broker-dealer that operates as part of BNY Mellon Global Markets.
Leveraging the strength and breadth of BNY Mellon Capital Market's fixed income trading desks and demonstrating BNY Mellon's commitment to technological innovation, Securities DIRECT has been designed to provide easy and efficient access for institutional investors to treasury bills, agency securities, corporate bonds, commercial paper and other debt securities. Products currently available include U.S. Treasuries (T-bills and short maturity notes), commercial paper and certificates of deposit. Short corporates and agencies will be added during the fourth quarter, and future releases will include longer term maturities, municipal bonds and other asset classes.
Securities DIRECT will provide authorized users with a number of client-focused features and functionalities. Information will be provided on current yields for different fixed income asset types. Users will be able to export data and search by asset class, rating, maturity and other parameters. "Click and buy" ticketing will be available, and the portal's robust on-line reporting will include order status and trade history reporting.
The platform will include client-managed limits and trade size restrictions to govern transaction flow and manage risk. Clients will continue to have direct access to the BNY Mellon Capital Markets sales desk to address specific trades and authorizations. In keeping with BNY Mellon's strategic commitment to enterprise-wide platform integration, Securities DIRECT will provide efficient access for authorized users to BNY Mellon's custody, treasury services and liquidity management platforms, delivering significant straight-through processing benefits in terms of both efficiency and reliability.
"Securities DIRECT allows us to provide clients with the speed, convenience and efficiency of electronic trading, and delivers those client benefits in a fully integrated fashion alongside BNY Mellon's other service delivery platforms," said Gary Strumeyer, president of BNY Mellon Capital Markets. "In that respect, it mirrors our strategic commitment to providing broker-dealer services that add value to client relationships across the entire BNY Mellon enterprise."
BNY Mellon Global Markets includes the Foreign Exchange and Derivatives businesses of The Bank of New York Mellon together with the securities businesses of BNY Mellon Capital Markets, LLC, an SEC registered broker-dealer1 and BNY Mellon Capital Markets EMEA Limited2. These businesses provide products for corporate, institutional and high net worth investors to access liquidity, execute investment and hedging requirements, and manage risk. BNY Mellon's derivatives business offers hedging products based in the interest rate, currency and equity markets, and BNY Mellon Capital Markets, LLC underwrites and transacts on exchanges and over the counter markets in a broad range of debt and equity securities.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2013, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.
1. BNY Mellon Capital Markets, LLC is an indirect-wholly-owned subsidiary of The Bank of New York Mellon Corporation and a member of FINRA and SIPC.
2. BNY Mellon Capital Markets EMEA Limited is an indirect non-bank, broker-dealer subsidiary of The Bank of New York Mellon Corporation and is regulated by the Financial Conduct Authority.
Securities DIRECT® is a registered trademark of The Bank of New York Mellon Corporation.
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SOURCE BNY Mellon
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