Tag: State Street

State Street

State Street Announces Digital Asset Pilot with Gemini

State Street has announced a new digital asset pilot in collaboration with Gemini Trust Company, a cryptocurrency exchange and custodian. The pilot is looking to combine Gemini’s custody services with State Street’s back office reporting. Initially, it will perform reporting scenarios on users’ cryptocurrency holdings within Gemini Custody, but it can be adapted to report […]

TradAir Hires Sears

TradAir has appointed Russell Sears as chief revenue officer. He joins the trading front end solution provider having most recently worked in the FX industry at State Street, where he had a 13 year career. Most recently, Sears was global head of Currenex sales – a role he left in March 2015, during his time […]

Major Dealers Call for More Action on CCP Soundness

In a white paper released jointly, BlackRock, Goldman Sachs, JPMorgan, Allianz, Citi, Societe Generale, State Street, T. Rowe Price, and Vanguard, have presented detailed recommendations from both buy-side and sell-side perspectives to further enhance the safety and soundness of central counterparties (CCPs. The firms say that while CCPs have been increasingly relied upon to protect […]

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, […]