The trades are facilitated within State Street’s GlobalLINK FX Connect platform; solution allows asset managers to directly match trades with each other while still operating within their existing execution channels.
The past week has seen various moves across equities and FX.
The firm will initially enable OTC FX options; collaboration with SGX FX is expected to expand further in the future to enable institutional liquidity provision and execution choice across additional FX products.
The integration will allow Bank of America clients to mitigate cross currency swaps-related risks, and is set to support liquidity optimisation and reduce daily funding requirements.
The integration is set to boost market visibility and transparency for BCC clients looking to operate in the country’s FX market.
The new offering will allow clients using State Street’s FX Connect to carry out in-flight TCA and algorithmic controls, to enhance visibility for execution quality and oversight.
The initial phase of the Chainlink integration will span spot and one-month forward rates across major G10, Asian and emerging market currency pairs.
Collaboration integrates RMB liquidity into SGX FX infrastructure to enhance pricing and execution across African FX markets.
The new offering – MYQ – is expected to support FX market participants in maximising pre-trade workflow efficiency, by collating fragmented pricing quotes across IB chats into a centralised format.
As part of the launch, the firm has brought in two ex-Argentex Group hires to lead dealing and portfolio solutions on the desk; move comes amid “greater complexity around foreign exchange and interest rate risk throughout the investment lifecycle,” Marex tells The TRADE.