BNY Mellon Unveils Fund Liquidity Aggregator

Jonathan Spirgel, BNY Mellon

Prior to today's official launch, about five large corporate and financial firms were in beta with the product, according to Jonathan Spirgel, executive vice president and head of Global Collateral Services (GCS) sales and relationship management at BNY Mellon.

As an example as to how a portfolio manager might use the Liquidity Aggregator, Spirgel points to the recent government shutdown, which almost led to the US defaulting on its loans.

"With the US government shutdown a few weeks ago, a numb

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