BOSTON--(BUSINESS WIRE)--
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.
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