Mellon Financial is implementing Linedata Services' trading and compliance software to support equity and fixed income operations at its private wealth management division.
France-based Linedata says the LongView Trading OMS and Linedata Compliance technology will be deployed across 28 Mellon locations.
Linedata's compliance engine offers pre- and post-trade compliance verification, monitoring and reporting across all markets, regulatory agencies and asset types.
Timothy Tully, CIO at Mellon's private wealth management group, says continued business growth compelled the firm seek out an integrated, seamless tool for the portfolio managers and to expand support for the entire private wealth management team.