Jason Vitale

AccessFintech and BNY Mellon work together

May 2024 in News Headlines

AccessFintech is working with BNY Mellon to bring a joint solution to the market for addressing FX workflow challenges ahead of the forthcoming T+1 settlement regulations. Upcoming T+1 settlement regulations in North America are posing significant challenges for market participants. BNY Mellon and AccessFintech are collaborating to work with clients on addressing these, providing clarity on securities trades ‘predicted to settle’ status. Clients based on AccessFintech’s network will be able to instruct BNY Mellon to broker FX transactions based on these ‘predicted to settle’ insights before the end of the US trading day, helping to provide the necessary liquidity for international clients trading of US securities. “At BNY Mellon, we are laser focused on developing solutions that support our clients’ investment performance and success,” said Jason Vitale, Head of Global Markets Trading, BNY Mellon. “Our collaboration with AccessFintech will provide clients the ability to leverage our recently launched Universal FX platform to fund their T+1 settlement activity in an efficient and transparent manner.”