State Street opens ETF trading platform to asset managers and broker-dealers
Firms that are not custody clients of State Street will now be able to access the Fund Connect ETF platform for trading.
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.
Vontobel Asset Management will use State Street Alpha for front-office technology, investment operations and data services, and liquidity risk solutions.
With the Brazil FX trading desk, State Street now has 13 FX sales and trading desks in operation globally as it targets emerging markets.
New open architecture platform from State Street in partnership with Snowflake and Microsoft Azure aims to address data demands from the buy-side.
Through the partnership, traders will be able to access four State Street FX algorithms via the BidFX platform.
Head of global markets at State Street, Nadine Chakar, speaks to Annabel Smith about the challenges posed by the COVID-19 pandemic, its impact on onboarding for Charles River and the rise of outsourced trading.