January 09, 2012

BNY Mellon Captures 'Best Global Deployment' Crown for Derivatives-related Technology


Company recognized for industry excellence and innovation by Waters magazine

NEW YORK, January 9, 2012 — BNY Mellon, the global leader in investment management and investment services, today announced that its derivatives margin management service, DM Edge®, has been recognized for financial industry excellence and innovation by Waters magazine during the 2011 American Financial Technology Awards (AFTA). BNY Mellon recently captured the AFTA for "Best Global Deployment" during the seventh annual event hosted by Waters magazine.

Through the AFTAs, the financial industry celebrates best practice, innovation and excellence in the deployment and management of financial information technology. DM Edge, named "Best Global Deployment," facilitates for clients the calculation, execution and monitoring of margin calls, maximizes the use of collateral, and provides real time reporting detailing counterparty exposure and margin status.

BNY Mellon and Algorithmics, an IBM Company, successfully introduced the system's global DM Edge platform capabilities, following extensive training and a well-planned client migration. Through the scalable platform, the company can continue to enhance its derivatives-related capabilities and technology infrastructure, with optimal efficiency and delivery.

DM Edge's platform capabilities underpin the company's Derivatives360SM offering, which comprises a broad array of services for issuers and investors involving the execution and processing of derivatives. These include trading and execution, derivatives middle office outsourcing services and back-office recordkeeping services. Middle Office services available through Derivatives360 include collateral management, affirmation and confirmation, independent (third-party) valuation, portfolio reconciliation and lifecycle event management. Back-office recordkeeping services include custody, accounting, cash collateral reinvestment and consolidated reporting.

"This 'Best Global Deployment' award provides strong industry recognition for our commitment to innovation and continuous improvement on behalf of our client base," said James Malgieri, CEO of BNY Mellon Broker-Dealer Services and Patrick Tadie, global business head for Derivatives360, in a joint statement. "We're well-positioned for anticipating and serving our clients' emerging needs in the rapidly changing derivatives market to reliably and seamlessly support them wherever they do business."

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.9 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.

Algorithmics, an IBM Company
Algorithmics is a leading provider of risk solutions. Financial organizations from around the world use Algorithmics' software to help them make risk-aware business decisions. Algorithmics' analytics and advisory services assist firms in taking steps towards maximizing shareholder value and meeting regulatory requirements. Supported by a global team of risk experts based in all major financial centers, Algorithmics offers award-winning solutions for market, credit and operational risk, as well as collateral and capital management. www.algorithmics.com