State Street's FX Connect® Tops Water Magazine's 2004 Rankings
Boston, August 2, 2004 — State Street Global Markets, the investment research and trading arm of State Street Corporation (NYSE: STT), the world’s leading provider of services to institutional investors, announced today that its FX Connect trading system has been ranked No. 1 in the category of Best FX Venue in Waters magazine’s annual readership rankings. Waters is a key trade publication for senior business and technology professionals in the global securities industry. Five hundred readers in North America, EMEA and ASPAC voted in the survey.
FX Connect is offered via State Street Global Market’s proprietary Global LinkSM 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.
“We were the first to market in 1995, with an online FX trading system for institutional investors. Since then we have considerably expanded our offering to be the first in multi-bank platforms and to incorporate leading-edge research,” said Simon Wilson-Taylor, managing director and worldwide head of Global Link for State Street Global Markets. “This ranking is another validation of our continued industry strength.”
Waters cited FX Connect's front-office efficiency with automated trading between counterparties as an important factor in its top ranking. In addition, users of FX Connect highlighted the integration between the platform and internal order and portfolio management systems, access to a wide variety of pools of liquidity, and a chat feature that enables swapping of trading and research information with trading partners.
According to Waters, “With more than 35 banks providing liquidity for its system and more than a four-year lead on its nearest competitor, it’s not surprising to see Global Link’s FX Connect take the first-place honor. Among the most popular features of FX Connect is its ability to execute forward and swap block trades across an unlimited number of accounts as well as through multiple counterparties.” To view the entire list of the Waters Rankings 2004, visit www.watersonline.com.
With volumes now reaching 8,500 completed trades per day, of which 94 percent are spot and outright forward transactions, FX Connect is the leader in the multi-bank foreign exchange trading industry with a client base comprising companies who manage 63 percent of the world’s professionally managed assets. Clients are now trading with more than 45 banks in 130 global dealing room locations.
Global Link and FX Connect continue to garner widespread praise from leading industry publications. For the fourth consecutive year, Global Finance, a key financial trade publication for senior level executives at multinational corporations and financial institutions, recently named State Street’s FX Connect as the top online foreign exchange trading system.
State Street Global Markets provides investment research, trading services, and technology-driven tools that seamlessly connect investment managers with buyers and sellers in global financial markets. Portfolio allocation, decision-making and risk management tools, along with proprietary trading platforms, have made State Street Global Markets the world leader in electronic trading and asset allocation. Its Global Link electronic network delivers research, analytics and trading tools across multiple asset classes, and is used by the world's top investment managers. More information about Global Link can be found at www.globallink.com.
State Street Corporation (NYSE: STT) is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading. With $9.1 trillion in assets under custody and $1.2 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.
Contact:
Carolyn Cichon
State Street Corporation
617-664-8672
March 11, 2008
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.
Full Article
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.
Full Article
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
Full Article
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*.
Full Article
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.
Full Article
View PDF
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.
Full Article
View PDF
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.
Full Article
January 23, 2006
State Street Develops Open Industry Standard for Online Settlement Instructions with SSISearch
Full Article
View PDF
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
Full Article
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
Full Article
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.
Full Article
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.
Full Article
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.
Full Article
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.
Full Article
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
Full Article
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
Full Article
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
Full Article
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.
Full Article
October 28, 2002
SunGard's ETXTM and State Street’s FX Connect® Announce Partnership
FX Connect
® to be fully integrated into SunGard’s corporate treasury workstation products
Full Article
July 16, 2002
Global Trade Confirmation System Boosts Investment Manager Efficiency
State Street's GTSS II - the 'next generation' trade confirmation
Full Article
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.
Full Article
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.
Full Article
April 17, 2002
JPMorgan Chase To Join State Street's FX Connect Trading System
State Street Corporation (NYSE:
Full Article
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
Full Article
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.
Full Article
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.
Full Article
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
Full Article
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.
Full Article
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
Full Article
