LONDON, July 28, 2014 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has been appointed by NASDAQ OMX Clearing to provide EMIR (European Market Infrastructure Regulation) compliant clearing and custody services for US Treasuries within the NASDAQ OMX Group's new European clearing business. The new mandate extends BNY Mellon's existing relationship with NASDAQ OMX - it was appointed by the exchange as a cash settlement bank in 2013 - and reinforces BNY Mellon's position as a leading custodial service provider to central counterparties (CCPs). Both EMIR and the Dodd-Frank legislation in the US mandate the migration of over-the-counter (OTC) derivatives from bilateral clearance to CCPs. Johan Ruden, Head of Global Post-Trade at NASDAQ OMX, said: "BNY Mellon demonstrated to us that it has the market position and experience in the US treasury market required to provide effective clearing and custody support. The company has proven its commitment to providing excellent service to us and our clients. BNY Mellon's support will be invaluable as we build our market position following the launch later this year." Scott Coey, Head of Broker-Dealer Services EMEA at BNY Mellon said: "The changes brought about by Dodd-Frank and EMIR have created a pressing need for the industry to identify and implement solutions to manage liquidity and reduce costs. NASDAQ OMX Clearing's decision to expand our valued relationship to include our comprehensive clearing and custody solutions illustrates the depth of support and expertise we can offer our clients across the investment lifecycle." Notes to editors: BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2014, BNY Mellon had $28.5 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon. This press release is issued by The Bank of New York Mellon to members of the financial press and media.