BNY Mellon launches 24x5 ETF dealing
August 12, 2019

BNY Mellon reports this morning that it has introduced extended dealing hours for Irish Undertakings for Collective Investment in Transferable Securities Exchange-Traded Funds (UCITS ETFs) to support the distribution of these products globally.

Known as 24x5 ETF Dealing, hours are extended to ETF issuers by leveraging BNY Mellon's established Transfer Agency hubs in Singapore and Syracuse, New York. This means issuers can now deal Irish UCITS ETFs from Monday morning in Singapore through to Friday afternoon in New York.

BNY Mellon says the new service supports the distribution of Irish UCITS ETFs in APAC and Latin America, two key markets in the expansion of the UCITS global brand. It eliminates the need to close dealing on an ETF with APAC exposure on T-1.

It adds that this is a significant building block towards creating a more efficient global ETF distribution structure and is aligned with other initiatives, such as Euroclear's international settlement model.





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BNY Mellon reports this morning that it has introduced extended dealing hours for Irish Undertakings for Collective Investment in Transferable Securities Exchange-Traded Funds (UCITS ETFs) to support the distribution of these products globally.

Known as 24x5 ETF Dealing, hours are extended to ETF issuers by leveraging BNY Mellon's established Transfer Agency hubs in Singapore and Syracuse, New York. This means issuers can now deal Irish UCITS ETFs from Monday morning in Singapore through to Friday afternoon in New York.

BNY Mellon says the new service supports the distribution of Irish UCITS ETFs in APAC and Latin America, two key markets in the expansion of the UCITS global brand. It eliminates the need to close dealing on an ETF with APAC exposure on T-1.

It adds that this is a significant building block towards creating a more efficient global ETF distribution structure and is aligned with other initiatives, such as Euroclear's international settlement model.



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