Goldman Sachs Asset Management (GSAM) has selected BNY Mellon’s buy-side trading services for global trade execution.
BNY Mellon now provides global trade execution services to GSAM’s EMEA, US and APAC markets, covering fixed income, FX, derivatives and ETFs.
In using these solutions, GSAM will be able to improve their trading outcomes, operational resilience and efficiency, BNY Mellon said. It added that the company will also be able to mitigate and manage their risks and scale their business.
BNY Mellon’s buy-side trading solutions service was launched in early 2023. It was developed on the basis of BNY Mellon trading group xBK, which services the firm;s internal investment management companies.
Commenting on the announcement, a BNY Mellon representative stated: “BNY Mellon is proud to support GSAM’s sophisticated trading needs as they grow their world class investment platform.”
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