06:46 AM EDT, 09/16/2024 (MT Newswires) -- Bank of New York Mellon ( BK ) said Monday it plans to roll out a data, software, and services platform, Alts Bridge, for clients to access alternative and private market investment products.

The bank added that the new platform will provide features throughout the pre-, at-, and post-trade procedures, including an adviser education and fund discovery center, home office and asset manager tools, product overviews, automated document preparation, and others.

Alts Bridge will be initially launched for clients of BNY Pershing. At the same time, it is anticipated to be introduced to US Registered Investment Advisors and Independent Broker-Dealers in the fall of this year, the bank said.

Shares of the company were up 2% in recent Monday premarket activity.

Price: 70.00, Change: +1.30, Percent Change: +1.89