BNY Mellon will add new capabilities to its automated deal matching service for tri-party repo clients. The service will enable clients to input, monitor and view trade matching status on a real-time, online basis.
The service will enable dealers and cash investors to submit trade details through BNY Mellon’s web portal for tri-party repo clients, AccessEdge, or either a SWIFT or proprietary BNY Mellon message format. The enhanced capabilities will improve the timing, transparency and accuracy of tri-party settlements, which will reduce risk in the market.
Click here for the release from PR Newswire.