Providing buy-side clients easier access to the world's largest collateral manager with BNY Mellon's Triparty platform
NEW YORK, March 27, 2024 /PRNewswire/ -- BNY Mellon (NYSE:BK) and GLMX announced today a new integration allowing buy-side clients to direct repo trades at point of execution to BNY Mellon's Triparty platform.
This integration follows growing demand from clients seeking to expand their BNY Mellon Triparty usage beyond uncleared margin segregation into repo financing, helping them to capture more benefits from being on the world's largest collateral platform.
"This integration with GLMX reinforces our commitment to enhance the user experience for our growing buy-side client base on Triparty," said Ted Leveroni, Head of Margin Services, BNY Mellon. "In our 240th year of business, we are proud to utilize our expertise to form relationships that provide innovative solutions and capabilities for our clients."
"Building interoperability with BNY Mellon creates a ...