02.14.2019

State Street Strengthens FX Platform

02.14.2019

State Street Corporation announced that FX Connect, its market-leading FX execution venue that helps firms efficiently manage multiple portfolios, connect with brokers and streamline global operations, is enhancing its trading technology to provide a more agile and innovative platform for  its clients.

“In today’s highly competitive environment where firms face increased complexity and regulatory requirements, it’s vital that we work with our clients to shape our product and solution strategy,” said Beverley Doherty, global head of FX Connect. “Our new enhancements will be instrumental in helping us accomplish this goal, demonstrating FX Connect’s ability to innovate and improve products that create solutions for our clients’ evolving needs.”

FX Connect’s full range of enhancements includes:

·         FX Connect GUI. Through a complete transformation using HTML5, FX Connect is creating a trading ‘cockpit’ that provides order management and execution through a single, secure interface.

·         Automated Order Routers (AOR), its automated rules-based trading for Request for Stream (RFS) sessions. Platform upgrades will improve the efficiency and effectiveness of execution for the real money community.

·         FX Connect Order Blotter. Developments include live indicative rates, the estimated percentage away from an order’s limit price, colour coding of orders based on their percent away from their custom threshold settings and customisable order alerts.

A key pillar of the roadmap for 2019 will also be further integration with BestX®, its Foreign Exchange and Fixed Income Best Execution Analytics platform, to build a monthly summary Transaction Cost Analysis report for all its clients based on their FX Connect trading data. Enhancements will be provided around the granularity and the breadth of data sets that clients can access and move into a real-time mode.

Source: State Street

Related articles

  1. Dalio founded the hedge fund 47 years ago.

  2. Easy Money Tamps Down Volatility

    2022 is worst year on record for outflows from equity funds.

  3. Currency ETPs Benefit From Sterling Volatility

    Liability-Driven Investing strategies in UK pensions were affected by the Gilt market turmoil.

  4. Ethereum-based products witnessed one of their most challenging months in September.

  5. Emerging technology may enable a powerful re-imagining of active management.