Currenex Receives Industry Awards for Technology Excellence
September 13 2010 - 12:00PM
Business Wire
State Street Corporation, one of the world's leading providers
of financial services to institutional investors, announced today
that its Currenex platform has won several industry awards for
excellence and achievements in technology.
FX Week named Currenex the best professional e-trading venue
based on its approach to continually evolving technology and
infrastructure to meet the needs of its client base. The
publication also recognized Currenex’s Intelligent Pricing Service
(IPS), as Best Liquidity Management System. IPS, a liquidity
management system for brokers, calculates optimal rates in a
multi-source price engine for over the counter (OTC) markets. Cliff
Lewis, executive vice president of State Street Global Markets also
received an achievement award from FX Week for his work in
improving functionality and technology for both institutional and
retail clients. Currenex was also named best trading platform for
hedge funds and best trading platform for asset managers in the
2010 Profit & Loss Readers’ Choice Digital Markets Awards.
“We are honored to be recognized by two industry publications
for our technology expertise across multiple client segments,” said
David Puth, executive vice president and head of State Street
Global Markets. “These awards reflect the hard work and leadership
that our colleagues have demonstrated while expanding Currenex’s
existing platform and technology to meet the needs of our client
base.”
State Street acquired Currenex in 2007 to further expand its
expertise in the electronic foreign exchange trading market beyond
traditional asset managers to active currency managers and hedge
funds. Currenex also recently received a patent from the United
States Patent and Trademark Office (USPTO) for the IPS service and
holds numerous patents granted for advanced technology in the
company’s liquidity and information management systems. Currenex
has provided the electronic foreign exchange buy and sell side
communities with research and execution tools for more than a
decade.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management, and
investment research and trading. With $19 trillion in assets under
custody and administration and $1.8 trillion in assets under
management at June 30, 2010, State Street operates in 25 countries
and more than 100 geographic markets worldwide. For more
information, visit State Street at www.statestreet.com.
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