BNY Mellon Expands Liquidity Direct Platform
Posted by Colin Lambert. Last updated: May 23, 2023
BNY Mellon has expanded its short-term investment platform Liquidity Direct to incorporate access to mutual funds, enhanced focused investing options, interest-bearing demand deposit accounts and sponsored cleared repo sweep capabilities to help companies maximise liquidity, manage risks and improve performance.
The bank says driven by client demand, these enhancements provide corporate treasurers and other finance executives with a platform for leveraging more than 100 investment vehicles.
The expansion also unlocks additional value via integration with SAP’s treasury management workstation, creating efficiencies for self-directed cash management, payments and investments. These developments build on the platform’s integration with other treasury workstations and cash management systems.
The expansion also provides access to the BOLD (Black Opportunity for Learning and Development) share class on Dreyfus Government Cash Management, which is managed exclusively by BNY Mellon. It has also bolstered the bank’s focused investing offering by adding new investment options, including share classes offered through veteran-, women- and minority-owned broker-dealers, as well as minority depository institutions.
“Throughout market cycles, the global demand for liquidity remains paramount for all market participants,” says Adam Vos, CEO of BNY Mellon Markets & Execution Services. “A critical component to meeting clients’ needs is providing integrated access from a single source to an array of liquidity solutions. We have built – and now significantly enhanced – our Liquidity Direct platform to offer clients exactly these types of innovative solutions, to meet their dynamic investment and risk criteria as they execute on their liquidity strategy.”
George Maganas, global head of liquidity services, BNY Mellon, adds, “Our clients have conveyed a need to streamline management of their short-term investments – and we listened. Through the expansion of our Liquidity Direct product suite, we are providing them with a comprehensive set of short-term investment options through a single point-of-access. We will continue evolving the platform to enhance our clients’ experience by incorporating the latest market developments, investment options with seamless integration and data management they demand.”