BNY Mellon Announces New Enhancements to its ETF Order Capabilities

BNY Mellon today announced an expansion of its real-time electronic messaging service for ETF order taking.  This enhancement is part of an ongoing strategic effort to improve the primary market transactional experience for Authorized Participants (APs) and Market Makers (MMs).

Over the past several months, BNY Mellon has made a number of significant enhancements to its ETF order taking capabilities, consisting of integration with the Bloomberg "BSKT" fixed income basket negotiation tool, custom order approval optionality for ETF portfolio managers, and advancement of its basket execution services. The latest release offers a new global standard to BNY Mellon's clients worldwide for transmitting creation and redemption orders through a proprietary electronic message.  The extended message structure supports all order types in all domiciles where BNY Mellon provides ETF Services.