BNY Mellon opens Program Trading Desk in FX business reshuffle
Bank adds segregated execution desk to boost confidentiality for clients with high-level transactions
BNY Mellon quietly rolled out a foreign exchange Program Trading Desk package of services across three continents last year, in a bid to boost transparency across its business and make it easier for clients to automate their currency activities, FX Week can exclusively report.
Within the package is a new segregated execution service. BNY Mellon will use this to separate and ring-fence certain client trading activities away from its principal market-making desk, so as to limit any potential for
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