The Tradetech Daily

State Street Global Markets

State Street Global Markets

David Hunter, vice president Portfolio SolutionsEmail: dhunter2@statestreet.comTel: + 852 2840 5336

State Street Global Markets has a dedicated team of portfolio trading professionals providing 24 hour global coverage with access to all markets in the Asia Pacific region. The company’s focus on the transition management business provides a proven platform in portfolio trade optimisation delivering measurable cost savings on implementation and minimising operational risk. State Street Global Markets is an unconflicted agency based partner with access to liquidity through its own liquidity pool, external dark pools and alternate trading venues. The company invested significantly in its own proprietary trade optimiser with enhanced risk modelling based on historical correlations amongst securities in the portfolio. The trading team is experienced in trading multiple asset classes and has access to algorithms.

Liquidity access

In 2010 State Street Global Markets completed over 950 portfolio trades representing US$493 billion in value.

Client coverage

The firm deals with asset managers, sovereign wealth funds, superannuation funds, plan sponsors and QDII funds.

Pre- and post-trade analytics

State Street’s proprietary quantitative pre-trade models have been developed internally with the experience of close to 1,000 events on an annual basis and utilising internal quantitative research capabilities. Pre-trade analysis provides details of historical cross rates by security and provides a liquidity analysis that identifies internal crossing liquidity that could be achieved and the cost savings of using State Street Global Markets. Post-trading the firm offers a range of benchmark and trade cost measurement methodology which is customisable.

Future plans

State Street continues to add resources to its trading team in the Asia Pacific region and there is further development underway to refine and enhance systems and infrastructure, including the portfolio trade optimiser.