BNY Mellon expects to fix pricing glitch before markets open

August 31, 2015 5:01 AM

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BNY Mellon Corp expects to fix the computer glitch that disrupted pricing of U.S. mutual funds and exchange-traded funds before markets open on Monday, its chief executive said.

The resolution of the issue, which affected the calculation of billions of dollars of assets last week, has taken far longer than expected, CEO Gerald Hassell said on a conference call, a transcript of which was made available to Reuters.

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