Winterflood Securities appoints BNY Mellon

BNY Mellon has been appointed by Winterflood Securities to provide US DTCC (US Depository Trust and Clearing Corporation) and Canadian securities clearing and custody services.

BNY Mellon Broker-Dealer Services will provide clearing and settlement services, operating as a direct participant in the US and through a single sub-custodian in Canada. BNY Mellon says that Winterflood Securities will benefit from its enhanced clearing solution, which permits earlier transmission of client orders to the North American market, allowing for realignment of collateral should it be required.

Simon Rafferty, chief operating officer at Winterflood Securities, said: "BNY Mellon impressed us with its experience and knowledge of the North American securities market and its prominence as a leading custody and clearing provider was an important factor in our decision. BNY Mellon is able to provide us with a solution tailored to our specific trading requirements that allows us to deliver timely, high quality services to our clients."