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October 13, 2009

Pershing Expands Suite Of SWIFT Messaging Capabilities

Provides access to range of financial messages for global financial services organizations

By CBR Staff Writer

Pershing, a BNY Mellon company, has expanded its Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging capabilities for its introducing broker-dealer customers.

Reportedly, the expanded SWIFT offering provides financial services organizations with access to a range of financial messages which enable them to communicate a broader array of US and non-US dollar-related activities such as order management, position and balance information and corporate actions.

Frank La Salla, managing director of the global securities services group at Pershing, said: “SWIFT messaging has been, and continues to be, an important vehicle for our customers throughout Europe and Asia to communicate with our platform. This expanded offering will help our customers enhance their operational efficiency and underscores our steadfast commitment to provide our global customers with the tools and technology solutions they need to better serve their investors and grow their businesses.”

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