Pershing Adds Structured Products to BondCentral Platform

Pershing LLC said its BondCentral trading platform expanded to incorporated more structured product choices for the company’s broker/dealer and independent registered investment adviser (RIA) customers.

The Bank of New York Mellon’s Pershing unit said in a release that the enhanced capabilities will be offered through Tradeweb Retail, the retail trading platform of Tradeweb, an online multi-asset class marketplace.

According to the release, the improved platform gives Pershing’s customers access to structured products, including:

  • reverse convertibles,
  • equity-linked notes and CDs,
  • commodity-linked notes and CDs,
  • currency-linked notes and CDs,
  • rates-linked notes.

The BondCentral platform gives customers access to a live and executable inventory of more than 25,000 bonds from over 90 fixed-income dealers, the release said. Pershing’s introducing broker/dealer customers can access BondCentral through its NetExchange Pro online brokerage platform. BondCentral is also accessible to RIAs via Pershing’s affiliate, Pershing Advisor Solutions LLC and its NetExchange Advisor online brokerage platform.