Foreign exchange

Foreign exchange

As a global systemically important bank (G-SIB) with an "AA-" credit rating,1 our liquidity profile, data-driven research and expertise can help meet your varying foreign exchange (FX) needs. We offer a range of high- to low-touch principal execution methods or fully outsourced agency solutions.

Liquidity solutions
Trade on nearly any venue with our electronic FX price stream and our comprehensive suite of FX algorithms. Alternatively, use our single bank dealer platform, VectorFXSM, to exert full control over the execution lifecycle of your order, inclusive of pre- and post-trade transaction cost analysis (TCA) via BestXSM. VectorFX can be integrated with Charles River Development Investment Management Solution, FX Connect® or it can 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
Increase transparency and efficiency, minimize trading and operational costs, and mitigate uncompensated risk in the FX trade lifecycle, for funds irrespective of custodian, with our fully automated, rules-based platform. StreetFXSM is a scalable and transparent solution that offers client-defined parameters and straight-through processing.

No touch: Indirect FX
Access market-leading infrastructure when outsourcing and automating your FX trades using Indirect FX. Our solution is designed specifically for FX trades that relate to the purchase, sale or holding of a security where State Street is custodian.

Risk management
Currency management
Reduce operational risk and maximize performance with our currency management solution, which provides flexible, scalable and fully integrated strategies. Our outsourced, agency-only FX program management and execution offers share class and portfolio level hedging and FX related to investment and fund activity.

Our innovative multi asset TCA platform, BestX, delivers independent, open-architecture analytics and reporting tools that measure shortfalls and trading costs across the trading spectrum. Make informed choices regarding liquidity providers, venues and execution strategies, through the platform’s pre-trade, post-trade and peer analytics and provide proof of best execution.

Academic partnerships
Through State Street Associates, we partner with leading academics at Harvard, MIT, Boston College and Tufts University to produce award-winning research into practical issues of investment management including portfolio construction, risk, sustainability, liquidity, FX hedging, private assets, economics, blockchain technology, geopolitics and much more.

Macro strategy
Understanding real-time trends in inflation and FX valuations, changes in central bank tone, and how they impact investor sentiment have proved to be pivotal drivers of FX market trends. Combining these proprietary inputs with growing support from innovative machine learning techniques, our Macro Strategy team produces award-winning FX research alongside our equity and cross-asset offerings.

Unique, data-driven indicators
Gain an information edge through our proprietary data sources as well as insights produced through our partnerships with data science and fintech firms.

  • Investor behavior indicators
    Leveraging the US$41.8 trillion of assets2 we administer, we are able to provide you 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, helping anticipate inflation trends around the world and inform dynamic strategies. By using real-time online pricing, it offers a better estimate on each country’s consumer price inflation growth.
  • Risk indicators
    We provide measures of financial turbulence and systematic risk in the current financial market and the likelihood of extreme losses.
  • MediaStats
    We collect more than 100,000 media sources and generate real-time market sentiment of broad media coverage with estimated effects on future price fluctuations. You have access to our liquidity, risk management and asset intelligence solutions to help you and your clients succeed.
  • GeoQuant
    Through our partnership with GeoQuant, we provide data-driven indicators of global geopolitical risks tailored to the FX markets.

Our market leadership
2023 Euromoney Foreign Exchange Awards

  • Best FX Bank for Real Money Clients
  • Best FX Bank for Research
  • Best FX Bank for Sales

2023 FX Markets e-FX Awards

  • Best FX Overlay Manager

Industry Recognition

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