BNY Mellon has expanded coverage from its LiquidityDirect platform to support cash investments in commercial paper and short-duration fixed income exchange-traded funds (ETFs).
It has also added a range of pre-trade ESG analytics to the platform, enabling customers to apply ESG screening to their investment decisions.
The New York-based bank claims that this is one of the first practical applications of ESG scores and ratings into the investment decision making process, enabling investors to assess whether a trade aligns with their ESG values and principles prior to investment.
This will screen investments according to a range of ESG factors, including diversity and inclusion and levels of charitable donations.
BNY Mellon has broadened access to its LiquidityDirect platform through a collaboration with treasury workstation specialist Indus Valley Partners. This will complement existing partnerships it has in place which integrate the platform with cash management systems including GTreasury and Hazeltree.
The bank indicates that the addition of these new investment options is the next step in its expansion of LiquidityDirect to provide a comprehensive range of liquidity management and investment choices across the short-end of the fixed income yield curve.
“Clients are looking to access investments with different returns, terms and risk profiles via a single platform,” says George Maganas, global head of liquidity and margin services at BNY Mellon.
“Our latest expansion, which follows on from the addition of sponsored cleared repo earlier this year, provides clients with industry-leading capabilities that address their investment needs via a simplified user experience.”
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