The Bank of New York Takes Top Honors in Global FX Survey.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- 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. , a global leader in treasury management services, has taken top honors in Global Investor's 2006 Foreign Exchange Survey across a variety of categories including service, research, trading and trading advice. The Bank also earned "Best Provider of FX Service Overall" in Europe for the fourth consecutive year. Global Investor polled investment managers on foreign exchange performance and related services. The Bank of New York was ranked number one for "Best FX Strategy Research," "Best Capital Flow Research," and "Best Technical Research" on a weighted basis. For FX strategy, The Bank received top honors for "Best Spot Trading Advice" and "Best Options Trading Advice." For fundamental analysis, The Bank received the top award for "Best Research in Emerging Markets" and runner-up award for "Best Research in Developed Markets." Additionally, Global Investor named The Bank of New York "Best Trading in Asian Market Currencies." Jorge Rodriguez, managing director and head of global sales for The Bank of New York's Global Market Division, said, "Our traders' deep and broad-based knowledge of the currency markets allows them to offer services covering the entire range of foreign exchange needs, from trading through to settlement. Our continued investment in FX research is evident in our superior survey rankings. In addition to a new, state-of-the-art research website with daily podcast (iPOD broadCAST) An audio broadcast that has been converted to an MP3 file or other audio file format for playback in a digital music player or computer. The "pod" in podcast was coined from "iPod," the predominant portable, digital music player, and although podcasts are updates, our enhanced, interactive Portfolio Flow Monitor makes it easier for our clients to understand the impact of cross-border capital flows in FX markets." The Bank of New York's Global Markets Division encompasses the Bank's foreign exchange, interest-rate and equity risk management businesses, including global trading, currency overlay Currency Overlay The outsourcing of currency risk management to a specialist firm, known as the overlay manager. This is used in international investment portfolios to separate the management of currency risk from the asset allocation and security selection decisions of the and sales activities. The Bank is a premier foreign exchange provider, trading in over 100 currency markets around the world. Additional information is available at http://gm.bankofny.com. The Bank of New York Company, Inc. (NYSE NYSE See: New York Stock Exchange : BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets Financial assets Claims on real assets. in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion