Citibank to Provide Liquidity Through State Street's FX Connect Trading System
London, UK and Boston, MA, April 9, 2002 -- State Street Corporation (NYSE: STT), the world's leading specialist in meeting the needs of sophisticated global investors, announced today that Citibank, a division of Citigroup Inc. (NYSE: C), will provide liquidity to FX Connect, State Street's multi-bank electronic foreign exchange trading system, available via State Street's Global Link network.
"Several of Citibank's key investor clients who deal on the FX Connect platform have expressed their desire for a dealing relationship with us through this channel. This has been the driving force in our decision to offer liquidity through FX Connect and we look forward to participating actively," said Richard Moore, head of Global Foreign Exchange for Citibank.
"We're delighted that Citibank will participate in FX Connect," said Simon Wilson-Taylor, head of Global Link at State Street Corporation. "With the inclusion of Citibank, FX Connect is now able to meet its clients' total needs for access to all their preferred counterparty banks. Our success is due to our single-minded focus on meeting the needs of sophisticated global investors, whom we serve with unique, fact-based research and comprehensive, multi-asset class trade-order management systems, connected to our trading applications across six asset classes."
About FX Connect:
The first live trades on FX Connect took place on August 13th 1996. In 2000, FX Connect became the first-ever multibank FX system when live trading commenced on March 1st with Deutsche Bank. According to a recent Tower Group report, FX Connect has a more than 75% share of the online FX market. Among the now 33 banks participating today on FX Connect are ABN Amro, Bank of America, Bank of Montreal, Barclays Capital, Bear Stearns, Brown Brothers Harriman, CIBC World Markets, Commonwealth Bank of Australia, Credit Suisse First Boston, FleetBoston Financial, National Australia Bank, Prudential Securities, Royal Bank of Canada, Royal Bank of Scotland, Scotia Capital, Standard Chartered, TD Securities, Ulster Bank, Westpac Banking Corporation, Citibank, Credit Agricole Indosuez, Deutsche and Societe Generale.
State Street Corporation (NYSE: STT) is the world's leading specialist in providing sophisticated global investors with investment servicing, investment management, investment research and trading services. With $6.2 trillion in assets under custody and $775 billion in assets under management, State Street is headquartered in Boston, Massachusetts and operates in 22 countries and 100 markets worldwide. For more information, visit State Street's web site at www.statestreet.com.
Contact:
Hannah Grove
State Street Corporation
617-664-3377
hmgrove@statestreet.com
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Financial Sockets Press Release
State Street Corporation (NYSE: STT), the world’s leading provider of financial services to institutional investors, announced today that it has expanded its commission management service offering to provide a complete, end-to-end solution that enables customers to better manage commission flows, address regulatory reporting requirements and administer commission sharing arrangements.
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March 10, 2008
Fidessa LatentZero Minerva OEMS now provides access to FX Connect
Fidessa LatentZero, one of the world’s leading providers of front-office software to the buy-side, has announced that it will now offer access to State Street’s FX Connect trading platform from its order and execution management system, Minerva. Users of Fidessa LatentZero’s trading network, LTN, will now have an improved ability to integrate foreign exchange trading into their portfolio execution process.
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January 22, 2007
State Street to Acquire Currenex
Acquisition will accelerate State Street's participation in fast growing electronic foreign exchange trading marketplace State Street's FX Connect® and Currenex Will Deliver the Most Comprehensive Set of Trading Capabilities Available in the Industry
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June 15, 2006
State Street’s FX Connect® Exceeds $99 Billion in Daily Trading Volume
State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors announced today that its FX Connect multi-bank electronic foreign exchange trading system recently exceeded $99 billion in a single trading day*.
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April 13, 2006
State Street to Provide FX Workflow Solution to Merrill Lynch Investment Managers in London.
State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that it has developed a comprehensive foreign exchange (FX) execution management workflow solution via its Global Link® network for Merrill Lynch Investment Managers (MLIM) based in London.
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March 31, 2006
State Street Recognized as Best Overall Foreign Exchange Service Provider by Global Investor Magazine.
State Street was ranked No. 1 in the GI 100 Best Overall FX Service category which included respondents from the 100 largest third party asset managers.
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February 24, 2006
SEB Group Joins State Streets FX Connect
FX Connect is offered via State Street’s proprietary Global Link® network, which delivers unique fact-based research, decision support tools and trading technology for six asset classes to clients in 24 countries worldwide, who collectively manage approximately 75 percent of the world's total professionally managed assets.
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January 23, 2006
State Street Develops Open Industry Standard for Online Settlement Instructions with SSISearch
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July 21, 2005
State Street's FXConnect Named Best Multi-Bank Foreign Exchange Trading Platform For Institutional Investors
Launched in 1996, FXConnect became the first multi-bank trading platform for foreign exchange in March 2000. It remains the market leader, demonstrating State Street's continuing commitment to enhance the platform to meet the growing needs of its customer base
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July 6, 2005
State Street’s FXConnect’s Daily Trading Volume Surpasses $40 Billion
FXConnect is offered via State Street’s Global Link network, which delivers unique fact-based research, decision support tools and trading technology to clients around the world
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December 21, 2004
State Street’s FXConnect Tops $30 Billion in Daily Trading Volume
FXConnect multi-bank electronic foreign exchange trading system has surpassed $30 billion in daily trading volume for the first time. FXConnect is available via State Street's Global Link network.
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October 22, 2004
State Street Signs Top Five Canadian Banks to Global Link's Post-Trade Foreign Exchange Tool, Global Trading Support Services
Canadian banks have joined State Street’s post-trade foreign exchange confirmation matching and settlement tool, Global Trading Support Services (GTSS), available through State Street’s Global Link® network. The five banks are: Bank of Montreal, Scotia Capital, CIBC, Royal Bank of Canada and TD Bank Financial Group.
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August 2, 2004
State Street’s FX Connect® Tops Water Magazine's 2004 Rankings
The FX Connect trading system has been ranked No. 1 in the category of Best FX Venue in Waters magazine's annual readership rankings.
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June 23, 2004
The Mitsubishi Trust and Banking Corporation Joins State Street’s FX Connect®
The Mitsubishi Trust and Banking Corporation (Mitsubishi Trust) will provide liquidity to FX Connect, State Street's multi-bank electronic foreign exchange trading system available via State Street's Global Link
® network.
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March 31, 2004
State Street Tops Global Finance Magazine’s Foreign Exchange Awards for Fourth Consecutive Year
FX Connect
® Named Best Online Forex Trading System by Leading Industry Publication
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March 31, 2004
State Street Receives High Marks in Global Investor Foreign Exchange Survey
Global Markets Team Recognized for FX Service, Research Expertise and Technological Capabilities
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July 1, 2003
Sumitomo Trust & Banking Co., Ltd. Joins State Street’s FX Connect®
Sumitomo Trust & Banking Co, Ltd. to provide liquidity to FX Connect
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May 19, 2003
State Street's FX Connect® Surpasses $20 Billion
State Street Corporation announced today that FX Connect, the company's multi-bank electronic foreign exchange trading system available via the Global Link network, has surpassed $20 billion in daily trading volume.
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October 28, 2002
SunGard's ETXTM and State Street’s FX Connect® Announce Partnership
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July 16, 2002
Global Trade Confirmation System Boosts Investment Manager Efficiency
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June 20, 2002
The Royal Bank of Scotland to Provide Liquidity via State Street's Money Market Connect Platform
State Street Corporation announced today that The Royal Bank of Scotland (RBS) has agreed to provide liquidity on Money Market Connect (MM Connect), Global Link's real-time electronic money markets trading network.
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May 14, 2002
State Street's FX Connect® Rated Number One in Market Share Among E-Commerce Multi-Bank Platforms in Euromoney's 2002 Annual FX Survey
"We are pleased to be recognized for our leadership in online foreign exchange trading in Euromoney's highly regarded annual FX survey," said Stanley W. Shelton, executive vice president and head of State Street's Global Markets business.
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April 17, 2002
JPMorgan Chase To Join State Street's FX Connect Trading System
State Street Corporation (NYSE:
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April 9, 2002
Citibank to Provide Liquidity Through State Street's FX Connect Trading System
State Street Corporation (NYSE: STT), the world's leading specialist in meeting the needs of sophisticated global investors, announced today that Citibank, a division of Citigroup Inc. (NYSE: C), will provide liquidity to FX Connect
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September 5, 2001
Standard Life Investments to Offer Funds Through Global Link
Standard Life Investments, one of the world's major asset management companies with over $110 billion of assets under management, announced today that they will collaborate to offer Standard Life's AAA-rated Money Market Fund over Fund Connect, a fund research and trade execution system on State Street's proprietary e-finance network, Global Link.
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August 14, 2001
State Street's FX Connect E-Forex Trading System Marks Five-Year Anniversary
Underscores State Street's First-Mover Position in Providing Industry Leading Solutions to Clients on Both Buy and Sell Sides - State Street Corporation reported today the five-year anniversary of the first live trades on its electronic foreign exchange trading system, FX Connect, available via State Street's Global Link network.
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July 25, 2001
State Street Adds Sophisticated Trade Confirmation Matching and Reporting Systems to Multi-Bank E-Finance Network
Created to address strong demand from clients, on both the buy and sell sides, for a new, effective, low cost solution for matching and affirming transactions
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July 3, 2001
State Street Announces That Merrill Lynch Funds Will Be Available On Fund Connect via Global Link
State Street Corporation, the world's leading specialist in meeting the needs of sophisticated global investors,today announced that the Merrill Lynch Institutional Liquidity Funds plc (ILF) will be available via Fund Connect.
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January 18, 2001
Royal Bank of Scotland to Participate in State Street's Multi-Bank Foreign Exchange System; to Offer Futures Trading Products on State Street's E-Finance Network
Underscores State Street's First-Mover Advantage as Only Provider of Full-Service e-Finance Network Operating across Multiple Assets
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