Tag: State Street

State Street

LCH Claims First with Link to FX Connect TradeNexus

Clearing house LCH has announced that it is the first clearing house to integrate with FX Connect TradeNexus, State Street’s FX trading platform that provides exception-based automated matching, trade and settlement confirmation enrichment and third party messaging. Kate Lowe, managing director, global head of TradeNexus, says, “Uncleared margin rules are changing the way the market […]

FXPB: It’s Been a Bumpy Road

Galen Stops charts the ups and downs of FX prime brokerage over the past 20 years and looks at how this segment of the market might be ripe for innovation going forward. Ask anyone who has been around in the FX market for the past 20 years to list the key developments that have shaped […]

The Real Revolution: Data and the FX Market

From origination through trading to settlement, Colin Lambert argues that data has revolutionised the foreign exchange industry more than any other single factor. “Even 10 years ago I probably heard the word ‘data’ once a month,” says Kate Lowe, head of trade services at State Street. “Now? It’s 40 times a day. As an industry […]

GlobalLink Joins FXPA

GlobalLink, State Street’s suite of e-trading platforms, technology, data and workflow solutions, has joined the Foreign Exchange Professionals Association (FXPA). The FXPA is a Washington-based organisation that represents the collective interests of professional FX industry participants by engaging with regulators and policymakers through education, research and advocacy. “GlobalLink is very pleased to join the FXPA […]

State Street Reports Rise in Investor Confidence

The State Street Investor Confidence Index (ICI) showed an increase in confidence of 6.6 points in May. State Street’s Global ICI increased to 79.5 in May, up from 72.9 the previous month. The results found that confidence among North American and European investors improved, with the North American ICI rising from 71.3 to 76.7, and […]

GlobalLink CTO Set to Depart

Harsha Bhat is set to leave his role as senior vice president and CTO of GlobalLink at State Street. In this role he was responsible for overseeing the technology underpinning the Currenex, FX Connect, Fund Connect and Trade Services, managing an engineering department of over 150 people. A spokesperson for State Street confirms Bhat is […]

Colinders Handed New Role at State Street

James Colinders has taken on a newly created role at State Street working on its money market platform, FundConnect. In this role Colinders will be focused on creating a private label distribution business, developing institutional partnerships and expanding the platform’s client footprint. He will remain based in New York and will report into Eric Wolf, […]

Freeston, Flowerdew Set to Leave Currenex

Damian Freeston and Daniel Flowerdew are set to leave their roles at Currenex, which is owned by State Street.Both based in London, Freeston is currently a managing director and head of sales and relationship management in EMEA, and Flowerdew is a VP of sales and relationship management in EMEA for the platform.Profit & Loss understands that the pair are set to leave Currenex this month and will subsequently be launching a wealth management business in the UK. Freeston has worked at the platform for nine years, having initially joined State Street in 2010 as a sales and relationship manager for both Currenex and FX Connect. Prior to that, he held senior sales management roles at 360T and HiFX.

Data Remains the Key Battleground for FX Platforms

Platform providers are becoming more conscious about the value of data, both for their businesses and their clients. Galen Stops takes a look at what this means for the FX industry.I f there is one consistent trend that emerges talking to all of the major OTC FX trading venues in 2019, it is that they’re all keen to emphasise the importance of data, both with regards to how they operate their businesses and how their clients operate theirs. On the one hand, FX trading venues are increasingly looking for ways to package and sell their market data, creating new revenue streams for the business. On the other, seemingly all of them are investing in developing trade analytics tools that will enable users of these platforms to derive greater insights from their trading activity and more effectively evaluate the liquidity and pricing available there.

Data Remains the Key Battleground for FX Platforms

Platform providers are becoming more conscious about the value of data, both for their businesses and their clients. Galen Stops takes a look at what this means for the FX industry.I f there is one consistent trend that emerges talking to all of the major OTC FX trading venues in 2019, it is that they’re all keen to emphasise the importance of data, both with regards to how they operate their businesses and how their clients operate theirs. On the one hand, FX trading venues are increasingly looking for ways to package and sell their market data, creating new revenue streams for the business. On the other, seemingly all of them are investing in developing trade analytics tools that will enable users of these platforms to derive greater insights from their trading activity and more effectively evaluate the liquidity and pricing available there.