The Bank of New York Mellon has announced the launch of Liquidity DIRECTSM, a money market investment portal that aims to help institutional investors maximize liquidity and mitigate counterparty risk in an uncertain credit environment.
Liquidity DIRECT unites MoneyFunds DIRECT and Liquidity Management Services (LMS), the institutional liquidity platforms offered by heritage Bank of New York and Mellon Financial Markets, LLC, creating a single investment portal.
The new offering allows access to money market funds and broker dealer BNY Mellon Capital markets, plus the separation of posted margin balances form OTC derivative counterparties.
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 Banks various business lines, including treasury services, asset management, issuer services and asset servicing.