State Street Launches New Platform to Support Peer-to-Peer Financing

State Street Corporation (State Street), a world's leading providers of financial services to institutional investors, announced that it has launched a new peer-to-peer financing platform, Venturi, which was designed to connect buy-side firms with new sources of liquidity in the global repo space.

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Venturi was built with the help of FinOptSys, a cutting edge FinTech focused on the securities financing market. It supports trade negotiations and enhances trade settlement and collateral management, enabling traders to better manage and diversify their counterparty exposure.

Gino Timperio, global head of Financing Solutions at State Street, said: "As a result of elevated market volatility and the changing liquidity and rate environment, buy-side firms are increasingly seeking new and diversified sources of financing."

"We are excited to further expand our product suite with the launch of Venturi to help foster the growth of and scale the peer-to-peer marketplace," added Gino. "we believe Venturi will empower our clients to discover new liquidity pools and make better, data-driven investment decisions. The launch of this platform – designed in large part through extensive development and feedback from our clients – is certainly a very noteworthy milestone for our business and the evolution of our peer-to-peer initiatives."

The group's positive moves was supported by its strong financial performance. Last month, State Street revealed its financial results for Q2 2022​, showing an increase of 14% in FX trading service on a YoY basis.