BNY Expands iFlow Coverage

BNY has announced the expansion of its iFlow product offering with the addition of more extensive fixed income and equity data analytics.

Asset rotation is widely used by FX traders to judge month-end fixing flows, as such, iFlow provides a vantage point of insights into BNY’s more than $50 trillion in assets under custody and/or administration. This provides insight into global asset allocation trends and market-moving reactions, to investment managers and asset owners.

The expanded product will now be able to generate on-demand charts for shorts, holdings, and positioning, complementing existing flow views, the bank explains, adding this allows for clearer definitions of rotation trade equity, credit, and duration in bonds and, ultimately supports improved benchmark definitions and portfolio construction.

Three new insights are specifically included; iFlow Shorts, which aggregates short interest metrics that capture borrowing and lending behaviour, aiding portfolio managers in making portfolio construction decisions; iFlow Holdings, which reflects investor exposure to stock and bond markets, showing an aggregated view into how investors have allocated capital across country, sector, credit rating and maturity; and iFlow Positioning, which measures investment preferences based on aggregated investor holdings, showing capital deployment across countries and sectors, compared to other asset classes and benchmarks.

BNY says the new indicators are designed to provide transparency into unexpected market moves and show how markets have acted historically, helping to determine the potential vulnerabilities around shock events.

“Finding ways to distill and understand market data continues to be one of the most important priorities for our clients. The challenge of today is no longer about getting access to vast market data sets but finding ways to unpack and generate insights,” says Jason Vitale, head of global markets trading at BNY. “Given our unique vantage point, touching about a fifth of the world’s investable assets, and through our expanded iFlow capabilities, we’re able to help clients better understand global markets.”