In January, BNY Mellon confirmed that it was to introduce a prime brokerage service for its institutional clients. The technology is now in production and the bank is working with a number of pilot clients to ensure the service is ready when they are prepared to commence trading.
Michael Cooper, the bank’s head of FX prime brokerage, says it has chosen to enter the market at this time in response to client demand for access to the FX market.
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