BNY Mellon and GLMX collaborate on triparty access for buy-side clients

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 re-enforces 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 seamless workflow from negotiation and execution to settlement for our global clients,” said GLMX CEO Glenn Havlicek. “This step is consistent with GLMX’s objective of providing a single access point which connects the global money market to deep liquidity pools, regardless of trade structure, settlement type or trading instrument.”

This integration connects BNY Mellon, the world’s largest collateral manager with a $5.25 trillion Triparty liquidity pool, into GLMX’s $2 trillion network. It also addresses the increasing market demand for buy-side clients looking for a single ecosystem to manage both their collateral and liquidity requirements.

Related Posts

Previous Post
Finadium: Predicting US Equity Stock Price Movements Using Swaps Data and AI
Next Post
Video highlight: Euroclear’s Olivier Grimonpont on the three kinds of data in collateral management

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account