State Street Launches GlobalLink FX

State Street Corporation has launched GlobalLink FX, a single platform which was consisted of State Street's execution and post-trade platforms of FXConnect, Currenex and TradeNeXus. 

GlobalLink FX will result in significant benefits for clients including FXConnect Market Monitor, an improved price discovery tool for FXConnect buy-side clients. This enhancement will utilize Currenex streaming price feeds and market data in order to provide clients with a curated view of their liquidity providers, driving better decision making and execution outcomes.

"All three of these platforms have been core components of our broad multi-asset class solutions we offer to clients, and I am thrilled that our FX businesses will be aligning so we can further leverage the best of the platforms and deliver next-gen FX execution solutions," said Martine Bond, head of global markets EMEA at State Street​.  

In an effort to streamline the GlobalLink FX offering, State Street also announced that the Currenex MTF platform will be closing in April 2022 in favour of operating a single GlobalLink MTF for regulated activity. 

Beverley Doherty, co-head of FX Connect, Currenex and TradeNeXus emphasizes that "GlobalLink FX will enable State Street to capitalize on the collective strengths of its award-winning platforms in order to provide the firm's clients with an integrated execution and workflow solution, catering to the evolving needs of the FX industry."