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BNY Mellon to launch FX Prime Brokerage services

First Published 23rd January 2018

BNY Mellon addresses "complex and capital-constrained" FX market with launch of prime brokerage service for institutional clients

The service, which will launch in early 2018, will add a new FX prime broker into the market. The new source of FX liquidity will provide clients with access to pre- and post-trade services and BNY Mellon's collateral, funding and liquidity capabilities.

The company said it is introducing the new service to address challenges in sourcing liquidity and increased funding costs in a constrained market.