State Street Global Exchange today announced the expansion of its futures commission merchant (FCM) solution to include futures execution. State Street’s Futures Commission Merchant (FCM) solution includes support across the entire trade lifecycle through execution, clearing, collateral management, valuation and risk and analytics for OTC derivatives and futures.
The futures execution capabilities include a global team of experienced traders, direct market access (DMA) and the use of State Street algorithms and analytics with seamless integration into existing workflows. The execution desk provides a global rolling order book, cross-product coverage from a coordinated sales team and access to more than 30 global exchanges and third-party platforms. Execution consulting and cross-asset trade flow and analysis, trade ideas and opportunities, market commentary, analytics and proprietary research are offered by the execution desk and through State Street Associates, State Street Global Exchange’s leading partnership with academia.
“Powerful tools and capabilities that extract insights and value from a growing volume of investment data will increasingly determine success,” said Jeff Conway, executive vice president and head of State Street Global Exchange. “Our clients need actionable insights and the right tools to make faster and more informed investment decisions. The expansion of our futures capabilities demonstrates our commitment to help our clients access liquidity globally and see ideas through from concept to return.”
In a recently released report that surveyed nearly 200 asset managers and examined their confidence and investment levels in data and analytics, State Street found that over the next three years, 81 percent of asset managers plan to increase investment in order management and execution systems and 64 percent plan to increase investment in electronic trading platforms. However, despite this increase in investment, only 19 percent have high confidence in their ability to optimize electronic trading strategies.
“With this expansion into futures execution, we’re focused on giving our clients better control of their transactions,” said Martine Bond, head of trading and clearing, State Street Global Exchange. “As a custodian, we can remain un-conflicted and offer the size, speed and savings our clients need to stay ahead of market opportunities. We’re continuing to build our teams with fresh talent and extensive product knowledge to offer the most comprehensive global service for our clients to achieve superior executions.”