BNY Mellon expands outsourced trading to buy-side clients

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BNY Mellon has launched a new outsourced trading offering for buy-side institutions globally, including asset managers and asset owners. The offering by BNY Mellon Capital Markets, LLC will be powered by xBK, the buy-side trading division that executes more than $1 trillion in volumes on average annually for the company’s Investment Management franchise. 

BNY Mellon says the comprehensive, global multi-asset trading service will give clients "significant opportunities for operational and strategic efficiencies, savings and expansion". 

The outsourced trading offering provides: coverage of all major asset classes, with the ability to transact across most global markets, supports more than 150 investment products across equity, fixed income, and global asset allocation strategies, and includes data science capabilities which utilise quantitative insights to fine-tune execution strategies.

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