State Street TruCross/FX Platform Goes Live
Available to institutional investors in the US, the UK, and Canada, the TruCross/FX product is designed to facilitate the matching of institutional trades at benchmark rates.
The firm says it will enhance electronic FX benchmark trading by reducing volatility and pre-trade information leakage around benchmark pricing times.
"The Financial Stability Board (FSB) has recommended the development of industry-led independent netting and execution facilities for transacting fix orders," says Mark Snyder, executive vice president and head of State Street Global Markets' sales and trading and research businesses. "In addition, the FSB recommended that fixing transactions be priced in a transparent manner and in a way that is consistent with the risk borne in accepting such transactions. TruCross/FX offers our clients a transparent, clearly communicated and documented fee structure, and efficient trading solution for their benchmark FX transactions."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Artificial intelligence, like a CDO, needs to learn from its mistakes
The IMD Wrap: The value of good data professionals isn’t how many things they’ve got right, says Max Bowie, but how many things they got wrong and then fixed.
Symphony looks to cloud, AI for enhanced trader voice
The communication and collaboration platform provider is utilizing modern technology to grow its network of services and users.
Observations and lessons to learn from the move to T+1
The next few years will see other jurisdictions around the world look to North America for guidance on transitioning to shorter settlement cycles.
As US options market continued its inexorable climb, ‘plumbing’ issues persisted
Capacity concerns have lingered in the options market, but progress was made in 2024.
Doubts raised over new FX platform disclosures
New disclosure sheet template will require platforms to outline how they charge for data
Expanded oversight for tech or a rollback? 2025 set to be big for regulators
From GenAI oversight to DORA and the CAT to off-channel communication, the last 12 months set the stage for larger regulatory conversations in 2025.
DORA flood pitches banks against vendors
Firms ask vendors for late addendums sometimes unrelated to resiliency, requiring renegotiation
IPC’s C-suite shuffle signals bigger changes for trader voice tech
Waters Wrap: After a series of personnel changes at the legacy provider, WatersTechnology examines what these moves might mean for the future of turrets and trader voice.
