Bank of New York Mellon Corp. has a new online derivatives trading platform.
Derivatives360, unveiled Monday, is an integrated investment servicing platform. Clients are allowed to "select some or all of" its components so they can "focus resources and management time on their core activities," Bank of New York Mellon said.
The platform offers trading and execution, middle- and back-office outsourcing, collateral management, accounting and record keeping, reporting and performance and risk analytics.
Outsourced services on the platform include over-the-counter trade affirmation and confirmation, trade settlement, independent third-party valuation, counterparty and investment manager reconciliation, collateral management, life-cycle event management and futures margin management.