CLS sees buy-side adoption of post-trade platform grow after State Street integration
Increased traction demonstrates demand from the buy-side to manage all FX post-trade workflow within one platform, claimed CLS.
Increased traction demonstrates demand from the buy-side to manage all FX post-trade workflow within one platform, claimed CLS.
The new unit, State Street Digital, will be led by well-known securities services veteran Nadine Chakar, and seeks to address the industry-wide shift to a digital economy.
New chief risk officer at the OCC brings over 20 years of experience to the role, after serving in similar positions for both State Street and Nomura.
Pure Digital has entered into a technology agreement where State Street Currenex will provide trading infrastructure for its upcoming digital asset platform.
David Rogers joins Outset Global as a managing director in Hong Kong after three years as head of multi-asset trading for Asia Pacific at State Street Global Advisors.
Firms that are not custody clients of State Street will now be able to access the Fund Connect ETF platform for trading.
The new capability is the next step in State Street’s goal to encourage buy-side clients to participate in peer-to-peer trading activities in the securities finance market.
The pair said that their partnership underscored the growing interest from the buy-side in Sponsored Repo services offered by State Street.
The platform offers users proprietary research, data-driven indicators and market commentary from State Street’s macro strategist team globally.
Charles River clients can request prices and negotiate fix-float interest rate swaps, overnight index swaps, and inflation swaps through OTCX.