Foreign Exchange
As a global systemically important bank (G-SIB) with an "AA-" credit rating (source: Standard & Poor’s, December 2021), we offer the liquidity profile, data-driven research and expertise to meet your varying foreign exchange (FX) needs. Clients may engage with us from various high- to low-touch principal execution methods or fully outsourced agency solutions.
Liquidity Solutions
eFX
Trade on nearly any venue with our electronic FX price stream and our comprehensive suite of FX Algorithms. Alternatively, you may choose to utilize our single bank dealer platform VectorFXSM, thereby taking complete control over the execution lifecycle of your order inclusive of pre- and post-trade TCA via BestXSM. Vector integrates directly into Charles River, FX Connect®, or may be used on its own.
High touch: Direct FX
Choose your own execution time and method and contact our sales traders directly for a principal execution. Trade by voice or trade electronically on one of the many available multibank platforms.
Low touch: StreetFXSM
Provides a fully automated, rules-based platform that can increase transparency and efficiency, seeks to reduce trading costs, minimizes operational costs and helps to mitigate uncompensated risk in the FX trade life cycle. With client-defined parameters and straight-through process, StreetFXSM is a scalable and transparent solution.
No touch: Indirect FX
For clients seeking convenient access to market-leading infrastructure to outsource and automate their foreign exchange trades. Designed specifically for the foreign exchange trades that relate to the purchase, sale or holding of a security.
Risk Management
Agency FX
Allows clients to outsource their FX requirements to a dedicated and segregated agency execution desk, therefore removing the cost and resource headache of running this function internally. This further enables clients to diversify credit risk and unify external manger FX activity. Offers the potential for cost reductions and the ability to improve margins by freeing up resources to focus on other core business activities.
Currency Management
Agency-based currency overlay service offering share class hedging, portfolio hedging and benchmark ETF hedging. Our Currency Management program provides our clients a robust framework for operational risk and oversight.
BestXSM
Innovative TCA platform, offering pre- and post-trade TCA for FX and Fixed Income.
Advisory Services
State Street Associates’ tailored analysis to formulate strategy, identify risks, enhance returns, and manage risk.
Asset Intelligence
Investor Behavior Indicators
Leveraging the $43.7 trillion of assets* we administer, we are able to provide clients with readings into the aggregate behavior of institutional investors around the world and across asset classes.
PriceStats
Our high frequency inflation series scrapes 350 million online prices around the globe every day, thereby helping to anticipate inflation trends around the world and inform dynamic strategies. By using real-time online pricing across the world, it offers a better estimate on each country’s consumer price inflation growth than public information.
Risk Indicators
Provides measures of financial turbulence and systematic risk in the current financial market and the likelihood of extreme losses.
MediaStats
Collects more than 100,000 media sources and generates real time market sentiment of broad media sentiment with estimated effects on future price fluctuations. However you choose to work with us, we provide access to the Liquidity Solutions, Risk Management, and Asset Intelligence necessary to provide you and your clients the outcome orientated solutions to succeed.
Our Market Leadership
Euromoney FX Rankings, June 2022
In 2022, State Street has been recognized as a top provider in foreign exchange services by Euromoney Magazine in its annual list of global banks providing FX services. The ranking, now in its 44th year, is the most comprehensive quantitative and qualitative annual study available on the foreign exchange markets.
State Street was recognized as No. 1 in several categories, including:
- No. 1 Overall for Real Money Clients
- No. 1 for Best Service for Real Money Clients
- No. 1 in Flow Research for Real Money
- No. 1 in Research Overall (globally, across all client types) for Macro Research and Quant Research
- No. 1 (market leader) in the Americas for All Client Segments, up from third in 2021 and 10th in 2020
- No. 1 in Electronic Trading for Real Money Clients for the fifth year in a row
- No. 1 in Swaps Overall Globally
- No. 1 for Ability in Emerging Market Currencies for Real Money Clients Globally
- No. 1 for Client Algorithmic Trading Execution for Real Money Clients Globally
- No. 1 for Salesforce and Service for Leveraged Funds Globally
State Street also ranked fourth-largest overall FX provider globally, with a market share of 7.66%, having been in the top 10 for the past five years.
* as-of December 2021
