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BNY Mellon live with foreign exchange options.

NEW YORK: BNY Mellon is now live with foreign exchange options. BNY Mellon clients now have access to a full-service currency trading desk, offering spot, forwards, non-deliverable forwards as well as options.

It enables clients to better hedge currency exposure and express their views on the future direction of FX markets. This offering complements an existing suite of broader FX services including FX custody, payments and hedging.

Options represent the next step as BNY Mellon builds out a comprehensive currency solutions platform following January's announcement that the firm plans to launch an FX prime brokerage service. The options business is being led by Sam Osterman, who joined BNY Mellon as Global Head of FX Options in January. Sam most recently served as Global Head of Flow Options at Barclays and is the latest in a series of FX industry leaders in electronic trading, sales and prime brokerage to have joined BNY Mellon Markets over the past two years.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Date:Jul 14, 2018
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