STT State Street Corporation

    By Georgia Wells 
 

Foreign-exchange trade revenue increased 2.6% at State Street in the fourth quarter of 2012 from the third quarter of the same year, due to higher trading volume.

Still, lower volatility throughout 2012 took a toll on the firm's foreign-exchange trade compared with the year-earlier period as trade revenue dropped 21% from the fourth quarter of 2011.

Volume in the firm's electronic foreign-exchange trading unit increased in the fourth quarter from the third quarter of 2012, the firm's Chief Financial Officer Edward Resch said on the earnings call.

Write to Georgia Wells at georgia.wells@dowjones.com

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