ICE Announces Wealth Management Platform Integration with BNY Mellon | Pershing

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology and market infrastructure, and BNY Mellon | Pershing, a provider of clearing and custody solutions, announced that the web-based version of the ICE Connect wealth management platform has been “integrated into BNY Mellon | Pershing’s clearing and custody platform NetX360+®. Davenport & Company, one of the oldest, employee-owned financial services firms in the U.S., is the first client to migrate over 250 advisors to the new integrated solution.”

ICE’s wealth offering “provides comprehensive tools to analyze portfolio and market data, provide trade support for private labels, and secure access to accounts, as well as third-party and back-office application programming interfaces (APIs).”

BNY Mellon | Pershing’s NetX360+ platform “provides investment professionals and registered investment advisors the tools to manage their business and support their client’s evolving needs.”

Amanda Hindlian, President of Fixed Income & Data Services at ICE, said:

“For more than a decade, ICE and BNY Mellon | Pershing have worked together to design solutions for the wealth management community that allow thousands of investment managers to see client portfolio data, along with real-time market data. The integration of ICE’s capabilities with BNY Mellon | Pershing’s NetX360+ platform now brings together the power of market research and data with a full set of trading, execution and client management solutions into a convenient single platform.”

Ram Nagappan, Chief Information Officer, BNY Mellon | Pershing, remarked:

“We are constantly looking to improve the experience on our platform so financial professionals can get deeper insights, realize new efficiencies, and deliver optimal value to their clients.We are thrilled to join forces with ICE in developing a solution that will provide a holistic view into client accounts and help deliver more targeted advice.”

Jon McElhaney, Head of Wealth Management at Davenport & Company, commented:

“The solution from ICE and BNY Mellon | Pershing provides our investment advisors with a compelling solution when working with our clients. The ability to customize the product to our unique specifications, provide it to almost every advisor, and combine real-time access to market data with custodial services in one solution will help us be better stewards of our clients’ capital.”

As covered, Intercontinental Exchange, Inc. is “a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity.”

They provide financial technology and data services “across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies.”

They operate exchanges, “including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes.”

Their comprehensive fixed income data services and execution capabilities “provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently.”

At ICE Mortgage Technology, they are “transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration.”

Together, they aim to “transform, streamline and automate industries to connect our customers to opportunity.”

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