BNY Mellon is actively committing resources with a Hong Kong trading desk already in place and operational support scheduled to be rolled out throughout the remainder of 2016.
By the end of the year, BNY Mellon will have a fully functional front-to-back model and be able to trade, support and settle fixed income securities lending trades in the Asia Pacific region. Why venture into fixed income at a time when other institutions are pulling back?
This article originally appeared in the Securities Lending Times, Issue 148. It is being reproduced here with approval from the publisher.