State Street Recognized as Number One Provider in Foreign Exchange Services

Ranked by Euromoney Magazine as Number One Provider in Several Categories; FX Connect Maintains Its Number One Position as a Leader in Real Money

Thursday, July 2, 2020 11:40 am EDT

Dateline:

LONDON

Public Company Information:

NYSE:
STT
"Clients are looking for a trading partner that can help during market volatility and our strong results across this year’s rankings validate our commitment to bringing the best possible foreign exchange services to institutional investors"

LONDON, July 2, 2020 - State Street Corporation (NYSE: STT) today announced that it has been named as the top provider across several categories by Euromoney Magazine in its annual list of global banks providing foreign exchange services. The ranking, now in its 42nd year, is the most comprehensive quantitative and qualitative annual study available on the foreign exchange markets.

State Street was recognized in several categories, including:

    • No. 1 in Real Money Market Shares (for the third consecutive year)
    • No. 1 in Customer Satisfaction Globally and for Real Money clients
    • No. 1 in Service and Salesforce Customer Satisfaction in EMEA, APAC and Americas
    • No. 1 in Research for Real Money
    • No. 2 in Research overall (for the second consecutive year)
    • Ranked 4th in Emerging Market currency trading market share (up from 15th in 2019)
    • No. 8 in E-Trading overall
    • Ranked 9th largest foreign exchange provider globally

Additionally, FX Connect, State Street’s FX execution venue that helps firms efficiently manage multiple portfolios, connect with brokers and streamline global operations, maintained its number one position as a leader in real money for the second consecutive year. GlobalLink, State Street’s suite of e-trading platforms, technology, data and workflow solutions, also earned its number two position as a multi-dealer platform for the second consecutive year.

 “Clients are looking for a trading partner that can help during market volatility and our strong results across this year’s rankings validate our commitment to bringing the best possible foreign exchange services to institutional investors,” said Tony Bisegna, global head of Multi-Asset Class Trading and Research, State Street Global Markets. “We continue to prioritize using fact-based, academic and market-focused research to help our clients navigate volatile financial markets, and will look to continue to build on our strong market position with our foreign exchange offerings.”

“These results demonstrate our long-standing commitment to providing a best-in-class client service experience,” said Martine Bond, head of GlobalLink. “We’re delighted by the breadth of the recognition we have received and remain focused on delivering market-leading FX platforms that increase transparency, improve trading efficiency and deliver quantifiable execution.”

State Street provides specialized investment research and trading in foreign exchange, equities, fixed income and derivatives. Learn more about State Street’s foreign exchange offerings and the GlobalLink platforms, FX Connect and Currenex.

About the FX Survey

The 2020 Euromoney FX Survey was the 42nd annual survey of liquidity consumption within the global FX markets conducted by Euromoney. In the 2020 survey, Euromoney received 1,596 valid responses from consumers of FX liquidity, representing total FX consumption of $104.2 trillion in the calendar year 2019. Total response excluding short-dated swaps* was 1,585, representing total FX consumption of $80.53 trillion.

*The 2020 rankings are based on swaps-adjusted volumes that exclude volumes from short-dated swaps.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $31.86 trillion in assets under custody and/or administration and $2.69 trillion* in assets under management as of March 31, 2020, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

*Assets under management as of March 31, 2020 includes approximately $50 billion of assets with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.

Expiration date: July 31, 2021

Tracking number: 3149251.1.1.GBL.RTL

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