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BNY Expands HF Middle Office Services
BNY Mellon has boosted its middle office outsourcing service for hedge funds.
BNY Mellonhas boosted its middle office outsourcing service for hedge funds,Fundamentalsreports. The firm has started offering the service to clients in North America and Asia.
The service, which is fully integrated with fund accounting and custody, was previously available in Europe only. It offers hedge funds with a suite of post-trade and pre-settlement services, such as real-time trade processing, OTC confirmation and cash management.
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