BNY Mellon launches FX options trading
The move fills a strategic gap in the bank’s big push into foreign exchange
US custodian Bank of New York Mellon has gone live with foreign exchange options, expanding the bank’s currency offering to a full-service desk. The options, available initially in the Americas, will be scaled to other parts of the world over the course of the year.
The bank says the addition of FX options will enable market participants to improve their hedging of currency exposures, and express and take views on future exchange rate directions.
The BNY Mellon FX desk now offers spot
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