NEW YORK--(BUSINESS WIRE)--
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 recognizedCurrenex’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.
Source: State Street Corporation
Contact:
State Street Corporation
Alicia Curran Sweeney, 617-664-3001