BNY Mellon Teams Up with Algorithmics for DM Edge

New York
BNY Mellon partnered with Algorithmics, which is in the process of being acquired by IBM.

BNY Mellon has partnered with Algorithmics to enhance its DM Edge service.

The new platform, part of BNY Mellon's Derivatives 360 suite, allows for the automation of the margin call and collaterization process, as well as with the management of operational risk and reporting.

"Given the growth and complexity of the derivatives collateral management process, it is imperative we provide clients with a clear, real-time window into reviewing and approving their collateral agreements, margin calls and settlements. Our new portal, DM Edge Connect, does that and more," says Scott Linden, managing director and product manager for DM Edge at BNY Mellon. "In addition, with our new capabilities, we are well-positioned to accommodate the requirements that will emerge in a centrally cleared environment, as well as the changes resulting from global regulatory reforms."

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