BNY Mellon has today announced the launch of an end-to-end technology solution to support ActiveShares non-transparent actively managed exchange-traded funds (ETFs). It says this solution delivers a digital workflow from order placement through to execution of underlying securities associated with creation and redemption activity.

Within BNY Mellon's digital platform, the new solution incorporates the Authorized Participant Representative (APR) and Verified Intraday Indicative Value Agent (VIIV Agent) in daily ETF workflows to enable efficient investor access without daily holding disclosure.

BNY Mellon says the platform includes security restriction and approval processing features within the order ticket, eliminating the need for off-line phone and email communications. This results in a fully digital audit trail for all ETF orders and brings the APR role into deal handling.

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BNY Mellon has today announced the launch of an end-to-end technology solution to support ActiveShares non-transparent actively managed exchange-traded funds (ETFs). It says this solution delivers a digital workflow from order placement through to execution of underlying securities associated with creation and redemption activity.

Within BNY Mellon's digital platform, the new solution incorporates the Authorized Participant Representative (APR) and Verified Intraday Indicative Value Agent (VIIV Agent) in daily ETF workflows to enable efficient investor access without daily holding disclosure.

BNY Mellon says the platform includes security restriction and approval processing features within the order ticket, eliminating the need for off-line phone and email communications. This results in a fully digital audit trail for all ETF orders and brings the APR role into deal handling.