Bank of New York Mellon expands derivatives collateral management service
The Bank of New York Mellon, the global leader in asset management and securities servicing, has expanded DM Edge, the company's derivatives collateral management service, beyond derivatives to cover a wide range of margin-related activities, including repo and securities lending.
Bank of New York Mellon announced the creation of a new company to clear futures and derivatives trades on behalf of institutional clients in Europe, Middle East and Africa.