State Street to become first foreign participant to trade Korean onshore interbank FX market
State Street has had a local presence in Korea for more than two decades with plans to further enhance its onshore and offshore trading offerings.
Tag: State Street
State Street unveils FX workflow solution aimed at facilitating market shift to T+1
In addition, DTCC is set to be connected to State Street’s systems.
LoopFX incorporated into State Street FX offering
This move represents LoopFX’s first major integration with an FX trading platform.
State Street to support entire ETF lifecycle through Alpha platform
Issuers on the Alpha platform can make use of portfolio management, trading and compliance.
Coinbase’s digital finance trading head returns to State Street as automation, analytics and platform services lead
Incoming hire rejoins the firm after previously serving for nine years, most recently in the same role that he will reprise; also spent a decade at Goldman Sachs.
Eurex chosen by State Street to execute first centrally cleared repo trades in Europe
Move will allow State Street to expand its European franchise, with multilateral netting providing risk management and collateral optimisation benefits to its client base.
Outsourced trading landscape continues to shift as banks prepare for a new wave of interest
Major service providers including BNY Mellon, State Street, UBS and Northern Trust have all expanded their outsourced trading capabilities to meeting growing demand from buy-side organisations.
State Street confirms CF Global acquisition
Deal, first revealed by The TRADE in February and expected to close by end-2023, will bump State Street into the ranks of outsourced trading giants such as Northern Trust and UBS.
M&A
State Street set to acquire outsourced trading firm CF Global
A deal would place the custodian alongside the likes of Northern Trust and UBS, which both also boast strong custody and outsourced trading units and subsequent synergies.
The TRADE predictions series 2023: Market structure and regulation, part two
Outsourced trading, liquidity challenges, increased buy-side competition and retail participation are subjects high on our experts’ agenda in this review.