NASDAQ appoints BNY Mellon to provide U.S. Treasury clearing, custody BNY Mellon (BK) has been appointed by NASDAQ OMX Clearing (NDAQ) to provide EMIR, or European Market Infrastructure Regulation, compliant clearing and custody services for U.S. 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, or CCPs. Both EMIR and the Dodd-Frank legislation in the U.S. mandate the migration of over-the-counter derivatives from bilateral clearance to CCPs.
NASDAQ reports Q2 EPS 70c, consensus 68c Reports Q2 revenue $523M, consensus $517.16M. The company said non-transaction based revenues were 74% of total Q2 net revenues, and increased 19% from the prior year quarter.