BNY launches digital direct-to-custody trading
BNY Global Markets Trading Team has launched NEXEN Markets, a digital direct-to-custody trading solution.
The integrated trading solution automates end-to-end, trade-to-settlement processing and allows clients to place equity, ETF and US Treasury orders directly from their accounts.
Clients are able to view their cash balances and positions on a real-time, transparent basis, supporting straight-through processing and reducing both settlement and operational risks.
Trade execution data is visible in real-time, and a price stream is available for click-to-trade capabilities.
Following the launch, clients are able to handle their entire portfolio and access fixed income and equities services through BNY.
