State Street’s BestX Recognized As Best FX Execution Product of the Year

Thursday, December 27, 2018 5:53 am EST

Dateline:

Boston & London

Public Company Information:

NYSE:
STT
"We’re delighted to see BestX maintain its position for the second year in a row as an industry leader in FX Best Execution"

Boston & London, 27 December 2018State Street Corporation (NYSE: STT) announced today that BestX, its Foreign Exchange and Fixed Income Best Execution Analytics platform, was recognised as the Best Execution Product of the Year at the 2019 Market Technology Awards, hosted by Risk.net. This is the second consecutive year BestX has won this award.  

State Street acquired BestX earlier this year as part of its strategy to build a seamless front-to-back analytics solution that allows institutional investors to conduct all of their operations on a single platform, from portfolio construction, to trading, to analysis and custody.  

“We’re delighted to see BestX maintain its position for the second year in a row as an industry leader in FX Best Execution,” said Lou Maiuri, head of State Street Global Markets and Global Exchange. “BestX is an FX Best Execution and analytics platform built by and for FX people, and we see this as a differentiator. That practitioner perspective is vital when it comes to creating Pre-Trade analytics that help improve FX execution as well as data visualization capabilities. BestX has created a new frontier in terms of the innovative ways FX traders can analyse and improve their trading capabilities.” 

“The future of FX execution is about innovation, automation and optimisation,” said Ollie Jerome, co-founder of BestX. “Through our partnership with State Street we will continue to provide our clients with the market leading innovation and technology to facilitate greater transparency of trade execution and analysis.”

To learn more about State Street’s foreign exchange offerings, click here. To learn more about BestX specifically, click here.

 

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 $33.99 trillion in assets under custody and administration and $2.81 trillion* in assets under management as of September 30, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.

*This figure is presented as of September 30, 2018 and includes approximately $28 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

Tracking Number 2343152.1.1.GBL.PR

Expiration date: 12/31/2019

Contact:

Alice Westwell
+44 203395 2673
AWestwell@statestreet.com
@StateStreet

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