Global Link - Press Releases

Press Releases

March 31, 2004 20:06 GMT

State Street Receives High Marks in Global Investor Foreign Exchange Survey

Boston, March 22, 2004 - State Street Corporation (NYSE:STT), the world's leading provider of services to institutional investors, announced today that it has received top rankings in Global Investor's 2004 Foreign Exchange (FX) Survey. Global Investor, a leading industry publication for the international asset management community, named State Street No. 1 in the Best Capital Flow Research and Best Technology Integration categories.

According to Global Investor, "State Street , which makes a virtue of its focus on the asset management market, has shown particular strengths in capital flow research and trading and portfolio management integration."

State Street also received the No. 2 ranking from GI 100 clients for Best FX Service Overall for the second consecutive year, and was ranked No. 4 by Real Money Accounts. For the seventh consecutive year, State Street has been named by all respondents to the survey among the top 10 firms for Best FX Service Overall.

"The integrated sell-side approach that we have pioneered within State Street's Global Markets includes a full suite of multi-asset class research products and trading solutions for central banks and managers of equities, fixed-income securities, currencies and hedge funds,'' said Mark Snyder, global head of foreign exchange and money markets for State Street. "We're delighted to garner such high marks from these clients in this survey. Our clients' ability to incorporate our leading flow research into their investment processes, along with our Global Link^® team's integration of our FX Connect^® platform into their trade order management systems, have helped State Street win these accolades."

FX Connect, the established leader in the multi-bank foreign exchange trading industry with a market share estimated by several independent experts at up to 70 percent, is offered via State Street's proprietary Global Link^® network, delivering unique fact-based research, decision support tools and trading technology for six asset classes to clients in 24 countries worldwide. Global Link is currently used by more than 400 asset management companies, including 19 of the world's 20 largest, and offers industry-leading world market research, analytics and secure, real-time trade execution services developed across multiple asset classes, including equities, foreign-exchange and fixed income. More information about Global Link can be found at www.globallink.com .

State Street's industry leading capital flow research, which spans all asset classes, is developed in collaboration with its partnership with academia — State Street Associates — which develops portfolio and flow research, currency management, asset allocation services and designs strategy tools to support the needs of global portfolio managers. In September 2003, State Street Associates launched the State Street Investor Confidence Index^SM - the world's first quantitative measure of investor sentiment.

State Street Corporation (NYSE: STT) is the world's leading specialist in providing institutional investors with investment servicing, investment management, research and analytics and trading services. With $9.4 trillion in assets under custody and $1.1 trillion in assets under management, State Street operates in 24 countries and more than 100 markets worldwide. For more information, visit State Street's Web site at www.statestreet.com .