State Street Recognized By Euromoney Magazine, Profit & Loss
July 21 2017 - 11:15AM
Business Wire
Firm Ranked Number One Provider of Flow Research, 11th Largest
Foreign Exchange Player
State Street Corporation (NYSE: STT) today announced that it was
ranked industry-leading in several categories by Euromoney Magazine
and Profit & Loss. The awards recognized work in both State
Street’s Global Markets division, which provides specialized
investment research and trading in foreign exchange, equities,
fixed income and derivatives; as well as its Global Exchange
division, which combines insights, investment analytics and data
solutions to help clients zero in on the opportunities that may
generate value.
Euromoney Magazine released the results of its 2017
Annual FX Survey in late May, and Profit & Loss
announced the results of their readers’ choice awards, with State
Street’s FX business leading in several categories across several
solutions, including:
- Ranked number one in flow research by
real money investors for the ninth year in a row
- Ranked number three in quant research
overall in real money
- Ranked the fifth largest provider of
foreign exchange services to the global real money community
(ranked 7th in 2016)
- Ranked fifth largest provider of
foreign exchange services to hedge funds (up from 11th in
2016)
- Ranked the 11th largest foreign
exchange player globally (up from 13th in 2016); by comparison
State Street’s nearest bank competitors are not in the top 40
Additionally, FX Connect, a multi-counterparty FX trading system
and Currenex, which provides high-performance FX technology and
deep pools of liquidity, were honored with three readers’ choice
awards from Profit & Loss including ‘Best Platform for
Hedge Funds’ and ‘Best FX Multi-dealer Platform’ for Currenex and
‘Best Platform for Asset Manager's’ for FX Connect. FX Connect was
also ranked number 2 in multibank and independent platform market
share by Euromoney Magazine, up 6.5 percentage points from
last year.
“In today’s complex and competitive financial environment, our
clients need new ways to gain an edge and generate alpha. These
improvements in our rankings validate our commitment to bringing
our clients market-leading technology, liquidity and research,”
said Lou Maiuri, executive vice president and head of State
Street’s Global Markets and Global Exchange businesses. “We’re
honored to be recognized for the innovative solutions we bring to
clients.”
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 $29.83 trillion in assets
under custody and administration and over $2 trillion* in assets
under management as of March 31, 2017, State Street operates
globally in more than 100 geographic markets. For more information,
visit State Street's website at www.statestreet.com.
*AUM reflects approx. $33.33 billion (as of March 31, 2017) with
respect to which State Street Global Advisors Funds Distributors,
LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street
Global Advisors are affiliated.
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
© 2017 State Street Corporation - All Rights Reserved
CORP-3142
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State Street CorporationBrendan Paul, +1
617-662-2903Bpaul2@statestreet.com@StateStreet
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