Named Nexen Markets, BNY Mellon’s new direct-to-custody trading platform was described by the bank as an “enhanced” liquidity and cash management solution. It allows clients to place equity, ETF, and US Treasury orders directly from their accounts, giving “full visibility and management of electronically directed orders against custody holdings”, and creating a “seamless” approach to securities execution.
Clients benefit from a real-time view of cash balances and positions, as well as support for straight-through processing. Other features include real-trade execution data, a price stream for click-to-trade capabilities, and automated end-to-end, trade-to-settlement processing.