BoNY Adds More Brokerage Reports

April 12, 2004 ( - The Bank of New York (BoNY) has beefed up the reporting capabilities available to plan sponsor clients to allow them to more easily manage their commission recapture spending and directed brokerage practices.

According to a BoNY news release, INFORM, its Web platform, now provides a gateway to the BNY Brokerage Client Reporting Portal. The beefed up INFORM allows clients to monitor their portfolios by transmitting trade instructions, executing foreign exchange transactions and reviewing cash balances, daily settlement activities and holdings.

The BNY Brokerage Client Reporting Portal enables clients to manage their commission expenses by easily obtaining information about commission recapture programs and offers support for client compliance efforts through its historical archive of commission data.

More information is at .