New capabilities will help increase scale for
ETF users across the Asset Management industry
NEW
YORK, Feb. 12, 2024 /PRNewswire/ -- BNY Mellon
(NYSE: BK), the global financial services company, announced today
the launch of its next-gen ETF basket construction platform. The
new comprehensive platform will provide asset managers with a
digital workflow, backed by start-of-day net asset value (NAV)
data, to present vital market-making information to liquidity
providers. This solution will support asset managers in valuing,
creating, and publishing basket information more efficiently in the
rapidly growing ETF market, allowing them to better serve their
clients.
"Through evolving our technology platform, this
ultra-transparent user portal connects market participants to ETFs
at any point in the lifecycle and strengthens the broader ETF
ecosystem," said Christine Waldron, Global Head of Fund
Services, BNY Mellon.
BNY Mellon collaborated with its clients to design and develop
the new platform to address the evolving challenges of an ETF
manager. Asset manager users of the platform will be able to
customize and retrieve ETF baskets via API, as well as access the
platform externally through the client gateway to view the workflow
and status of outstanding processing exceptions. This latest
release builds on recent investments to improve ETF workflow,
including delivery of the Intelligent Basket Builder custom
negotiation tool and Asset Flow Analytics dashboard in 2022 and
financial information exchange (FIX) protocol connectivity in
2023.
"This breakthrough in ETF technology can help greatly reduces
complexity in the front-office ETF process,"
said Bob Humbert, Global
Head of ETF Product, BNY Mellon. "The result is a workflow
which enables portfolio managers and support staff to fully focus
on key objectives—to manage existing strategies more efficiently,
generate ideas for new best-in-class ETF products and better serve
liquidity providers and end investors."
BNY Mellon's ETF platform supports comprehensive technology
across nearly 2,000 ETFs, presenting an all-in-one global solution
for fund providers across the US, Europe, Canada, and APAC. It draws on BNY Mellon's 240
years of experience and data from overseeing nearly $50 trillion in assets for our clients across the
financial lifecycle – managing it, moving it, and keeping it
safe.
About BNY Mellon
Established in 1784, BNY Mellon is America's oldest bank and the
first company listed on the New York Stock Exchange
(NYSE: BK). Today, BNY Mellon powers capital markets around
the world through comprehensive solutions that help clients manage
and service their financial assets throughout the investment life
cycle. BNY Mellon had $47.8 trillion in assets under
custody and/or administration and $2.0 trillion in assets
under management as of December 31, 2023. BNY Mellon has been
named among Fortune's World's Most Admired Companies and Fast
Company's Best Workplaces for Innovators. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation.
Additional information is available on www.bnymellon.com.
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Media Contacts:
Ryan Wells
+1 212 298 1249
ryanw@bnymellon.com
Ben Glaser
+1 845 558 2511
Benjamin.glaser@bnymellon.com
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SOURCE BNY Mellon