State Street has integrated its LINK platform with BNP Paribas Cortex FX in a bid to enhance FX transparency and analytics for institutional clients.
The move marks an expansion of the ongoing connectivity between the two firms and will allow clients executing FX trades via State Street’s FX Connect to make use of in-flight TCA and algorithmic controls.
Through the integration, institutional clients are also expected to benefit from real-time visibility into execution quality, which in turn will support stronger governance and provide best execution oversight.
“This integration reflects our continued focus on delivering greater transparency and insight across the FX trade lifecycle,” said Greg Fortuna, head of GlobalLINK at State Street.
“By connecting LINK with BNP Paribas Cortex FX, clients gain access to in-flight analytics and controls that support more informed execution and stronger governance.”
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Moreover, the offering will also provide secure access to single sign on (SSO) and APIs, and marks the advancement of State Street’s current FX ecosystem.
State Street has made developments within its FX offering over the past few months, and in July 2025, LoopFX launched as a live FX liquidity network, allowing clients’ trades to be matched within State Street’s FX Connect.
The offering is set to address obstacles within the FX market surrounding counterparty selection and information leakage, by providing real-time, anonymous, mid-rate matching to allow institutional clients to execute larger trades with reduced market impact.