BNY Mellon launches 24hr dealing for Irish Ucits ETFs

BNY Mellon has introduced "24x5" dealing in Irish Ucits ETFs, based on the fact its transfer agency hubs in Singapore and Syracuse mean it can handle dealing requests globally across a timeline from Monday mornings in Singapore through to Friday afternoons in New York. The extended dealing hours are intended to support the distribution of the vehicle type into the Asia Pacific and Latin America market regions, where the Ucits 'brand' is gaining continued recognition. It means that there is no need to close dealing on ETFs with APAC exposure on a T-1 basis, BNY Mellon said. The change ...