Press Release
Contact: Lane Cigna+1 412 234 0575
Lane.cigna@bnymellon.com
BNY Mellon Captures 'Best Global Deployment' Crown for Derivatives-related TechnologyCompany recognized for industry excellence and innovation by Waters magazine
NEW YORK, January 9, 2012 -- BNY Mellon, the global leader in
investment management and investment services, today
announced that its derivatives margin management service, DM
Edge®, has been recognized for financial industry excellence
and innovation by Waters magazine during the
2011 American Financial Technology Awards (AFTA). BNY Mellon
recently captured the AFTA for
"Best Global Deployment" during the seventh annual event
hosted by Waters magazine.
Through the AFTAs, the financial industry celebrates best
practice, innovation and excellence in the deployment and
management of financial information technology. DM Edge,
named "Best Global Deployment," facilitates for clients the
calculation, execution and monitoring of margin calls,
maximizes the use of collateral, and provides real time
reporting detailing counterparty exposure and margin
status.
BNY Mellon and Algorithmics, a technology partner on the
deployment, successfully introduced the system's global DM
Edge platform capabilities, following extensive training and
a well-planned client migration. Through the scalable
platform, the company can continue to enhance its
derivatives-related capabilities and technology
infrastructure, with optimal efficiency and delivery.
DM Edge's platform capabilities underpin the company's
Derivatives360SM offering, which comprises a
broad array of services for issuers and investors involving
the execution and processing of derivatives. These include
trading and execution, derivatives middle office outsourcing
services and back-office recordkeeping services. Middle
Office services available through Derivatives360 include
collateral management, affirmation and confirmation,
independent (third-party) valuation, portfolio reconciliation
and lifecycle event management. Back-office recordkeeping
services include custody, accounting, cash collateral
reinvestment and consolidated reporting.
"This 'Best Global Deployment' award provides strong industry
recognition for our commitment to innovation and continuous
improvement on behalf of our client base," said James
Malgieri, CEO of BNY Mellon Broker-Dealer Services and
Patrick Tadie, global business head for Derivatives360, in a
joint statement. "We're well-positioned for anticipating and
serving our clients' emerging needs in the rapidly
changing derivatives market to reliably and seamlessly
support them wherever they do business."
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Press Release
Notes to Editors:
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.9 trillion in assets under custody and administration and $1.2 trillion in assets under management, services
$11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is
available on www.bnymellon.com or follow us on Twitter @BNYMellon.
Algorithmics is a leading provider of risk solutions. Financial organizations from around the world use Algorithmics software, analytics and advisory services to help them make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements. Supported by a global team of risk experts based in all major financial centers, Algorithmics offers proven, award-winning solutions for market, credit and operational risk, as well as collateral and capital management.
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