State Street Strengthens FX Platform

State Street Corporation announced that FX Connect, its FX execution venue that helps firms efficiently manage multiple portfolios, connect with brokers and streamline global operations, is enhancing its trading technology to provide a more agile and innovative platform for its clients. FX Connect’s full range of enhancements includes: FX Connect GUI, Automated Order Routers (AOR), Request for Stream (RFS) sessions and FX Connect Order Blotter. Developments include live indicative rates, the estimated percentage away from an order’s limit price, color coding of orders based on their percent away from their custom threshold settings and customizable order alters. A key pillar of the roadmap for 2019 will also be further integration with BestX, its Foreign Exchange and Fixed Income Best Execution Analytics platform, to build a monthly summary Transaction Cost Analysis report for all its clients based on their FX Connect trading data.