BNY Jaywalk, Inc. to Offer World Steel Dynamics, Inc. Independent Research to Institutional Investors.Business Editors NEW YORK--(BUSINESS WIRE)--July 22, 2002 The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. announced today that BNY BNY Bank of New York Jaywalk jay·walk intr.v. jay·walked, jay·walk·ing, jay·walks To cross a street illegally or in a reckless manner. [From jay2, inexperienced person. , Inc., the Bank's independent equity research consultancy, has signed an agreement with World Steel Dynamics, Inc. (WSD WSD Word Sense Disambiguation (computational linguistics) WSD Web Services on Devices (Information Technology) WSD Water Supplies Department (Hong Kong) ) to provide WSD's independent research to the institutional investment community through BNY Jaywalk's research platform. "We are pleased to have World Steel Dynamics join BNY Jaywalk's roster of top independent research providers," said John D. Meserve, president of BNY Jaywalk. "WSD's research will further enhance our role as the leading provider of in-depth and objective investment analysis to institutional investors." WSD, founded 25 years ago by leading steel securities analyst and consultant Peter F. Marcus, provides research that focuses on how the "pricing power Pricing Power An economic term referring to the effect that a change in a firm's product price has on the quantity demanded of that product. Pricing power ties in with the "Price Elasticity of Demand. " of steel companies worldwide is impacted by dramatic changes in the structure of the steel industry. WSD places extensive emphasis on pricing feedback and cost analyses. A third-party aggregator of quality soft dollar independent investment research, BNY Jaywalk brings together well-respected research providers on one platform that assists the buyside community in identifying and recruiting unique and high quality investment ideas. BNY Jaywalk, a non broker-dealer, is part of BNY Research, Commission and Payment Services LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a subsidiary of The Bank of New York and an integral part of the Bank's Brokerage and Clearing Services Sector. Additional information on BNY Jaywalk is available at www.bnyjaywalk.com. The Bank's Brokerage and Clearing Services Sector includes several of the Bank's broker/dealer subsidiaries that focus on serving the institutional and broker/dealer community and seek to enhance the performance of their clients through the provision of a broad range of value-added services for which the Bank is known, including best execution practices, efficient clearing and differentiated value-added products and capabilities. The Bank of New York, founded in 1784 by Alexander Hamilton, is the nation's oldest bank and is the principal subsidiary of The Bank of New York Company, Inc. (NYSE NYSE See: New York Stock Exchange : BK), a financial holding company. With over $80 billion in total assets as of June 30, 2002, the Company provides a complete range of banking and other financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to corporations and individuals worldwide through its basic businesses, namely, Securities Servicing and Global Payment Services, Corporate Banking, BNY Asset Management and Private Client Services, Retail Banking, and Global Market Services. Additional information on the Company is available at www.bankofny.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion