AccessFintech, the UK-based provider of real-time data insights and collaboration across financial markets, is working with BNY Mellon to bring a joint solution to the market for addressing FX workflow challenges ahead of the imminent switch to T+1 settlement in the U.S..
BNY Mellon and AccessFintech are collaborating to provide clarity on securities trades’ ‘predicted to settle’ status. Clients on AccessFintech’s network will be able to instruct BNY Mellon to broker FX transactions based on these ‘predicted to settle’ insights before the end of the U.S. trading day, helping to provide the necessary liquidity for international clients trading U.S. securities.