MUFG Bank (NYSE:MUFG) launched MUFG CashFolio, a new liquidity trading portal, using Liquidity Direct from BNY (NYSE:BK), it said on Monday.

As an extension of MUFG's liquidity services, MUFG CashFolio is an online tool that give institutional clients greater access to shorter term investments through the money market mutual fund industry, which hit a record $6.51T in assets in July.

BNY's (NYSE:BK) LiquidityDirect offers clients solutions to meet their investment and risk criteria and execute their liquidity strategy. The platform supports more than $16T in annual transactions flow for more than 7,000 institutional investors.

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