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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