State Street Digital’s TradeNeXus Widens FX User Access

State Street Corporation announced that TradeNeXus, a GlobalLink digital platform for foreign exchange transactions and an integral part of State Street’s Digital Division, has partnered with Capitolis, the technology company reimagining capital markets, to launch an automated post-trade solution to optimize portfolios. This product culminates an ongoing collaboration to integrate TradeNeXus’ technology and network of asset management firms with Capitolis’ optimization, novation, and trade compression solutions. With this integrated offering, buy-side firms can utilize TradeNeXus to automate data submission and access Capitolis’ analytics tools to regularly scan portfolios for opportunities to optimize foreign exchange trades. Buy-side firms can further drill down opportunities for further analysis using a seamless dashboard and single-sign-on function between the platforms. Firms can then decide which optimization opportunities to pursue using Capitolis’ technology based on the expected savings and initiate those optimizations, and all parties to any optimization cycle can benefit from the straight-through-processing to gain capital, margin and/or operational efficiencies.