The Bank of New York Mellon has launched Liquidity Direct, a new money market investment portal that is intended to help institutional investors maximise liquidity and mitigate counterparty risk in an uncertain credit environment.
The bank said that Liquidity Direct unites MoneyFunds Direct and Liquidity Management Services, the institutional liquidity platforms offered by heritage Bank of New York and Mellon Financial Markets, creating a single investment portal that provides access to an array of money market instruments.
The Liquidity Direct portal enables clients to access a suite of liquidity management services that can be utilised individually integrated into a cash management system which includes MoneyFunds Direct, Securities Direct and Margin Direct.
Liquidity Direct is managed by the Liquidity Services Group at The Bank of New York Mellon and is being offered to clients from across the bank’s various business lines, including treasury services, asset management, issuer services and asset servicing.
Jonathan Spirgel, managing director and global head of liquidity services at The Bank of New York Mellon, said: Clients have always been focused on liquidity, cash flow and their short-term investment needs but liquidity and investment uncertainties have become critical concerns in these challenging economic times.
Liquidity Direct reflects our commitment to helping our clients succeed in this environment. Institutional investors need access to resources that measure up to prevailing market conditions and Liquidity Direct can serve as a single, complete solution for money market investments, margin positioning and account data.
