THETRADETECH DAILY news
THE OFFICIAL NEWSPAPER OF TRADETECH 2024
Buy-side
BNY Mellon is set to offer its buy-side trading solution to Goldman Sachs Asset Management as the firm continues to expand the reach of its outsourced trading offering across the market . The new buy-side trading relationship specifically concerns a division of Goldman Sachs Asset Management ’ s EMEA business , The TRADE understands . As part of the agreement , BNY Mellon is delivering global trade execution services in EMEA , the US and APAC markets across fixed income , FX , derivatives and ETFs . BNY Mellon ’ s buy-side trading solutions business was launched in 2023 , providing a flexible solution . As the firm explained , “ outsourced trading does not have to be a onesized fits all approach , it can be customised to meet your needs ”. Currently , the offering includes a ‘ partial outsourcing ’ offering wherein a supplemental service is offered , as well as ‘ full outsourcing ’ where the firm assumes the responsibilities of the trading desk . It supports institutional clients with global multi-asset trade execution services across over 100 countries . “ BNY Mellon is proud to support Goldman Sachs Asset Management ’ s sophisticated trading needs as they grow their world class investment platform ,” said the firm in an
Goldman Sachs AM set to leverage BNY Mellon ’ s buy-side trading solution
SPECIFICALLY , THE AGREEMENT CONCERNS GLOBAL TRADE EXECUTION SERVICES IN EMEA , THE US AND APAC MARKETS ACROSS FIXED INCOME , FX , DERIVATIVES AND ETFS .
official statement . Outsourced trading is a trend which continues to be on the rise , whether full outsourcing or a supplement to the trading desk , more factors are pushing firms towards the service .
The attention has been increasingly turning to larger managers and while for the C-suite it might be an obvious economic decision , for many on the trading desk the topic continues to be a somewhat contentious one .
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