BNY Mellon has green-lighted a new initiative to ease confusion related to futures and derivatives trades for the global asset manager and securities services firm’s institutional client base.

In an announcement today, the New York-based conglomerate said it has created a new company to help clear trades for the wealthy investor class. Its newly appointed CEO Sanjay Kannambadi will head BNY Mellon Clearing, the new entity, which is registered by the U.S. Commodity Futures Commission and member of the National Futures Association.

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