UPDATE 2-State Street to buy xcritical for $564 mln

State Street’s foreign exchange trading network FX Connect and xcritical compete with New York-based FXall. Our success as a leading eTrading venue drives our ability to provide access to liquidity from relationship banks and non-banks, as well as from FXTradesTM, our anonymous ECN. YCharts provides individual investors with online tools that empower them to invest and trade stocks like money managers. If you have any problems with your access or would like to request an individual access account please contact our customer service team. For State Street, which has $1.7 trillion in assets under management and $11.9 trillion in assets under custody, the deal is expected to help add new clients quickly. xcritical offers a “follow-the-sun” model of client support with liquidity management integration, technical support and sales desks available 24 hours in Asia, Europe and the US. FX Connect supports integration with 30+ Order Management Systems as well as providing bespoke integration solutions for client Order Management and Accounting Systems.

xcritical for sale

Martine was the global COO for the Foreign Exchange and Emerging Markets business, where she was responsible for developing and implementing key strategic business growth opportunities for the business. From 2004 to 2009, Martine led the FX Prime Brokerage business for JPMorgan where she was responsible for developing and executing core product strategies for alternative clients. Physis Investment helps investors maximize returns and invest in companies that respect the planet and the people. It leverages data to help investors understand, track, and measure the impact of investments through its online platform. State Street Corporation is due to announce this week that it has secured a coveted deal with the treasury software unit of Pennsylvania-based technology company SunGard.

How many employees does xcritical have?

For Corporate Treasurers managing a range of multi-currency transactions and portfolios, xcritical offers a comprehensive trading solution, with in-depth reporting to help meet regulatory requirements. Whether operating as a market maker or market taker, xcritical can provide a host of solutions to help you achieve a competitive edge. Koyfin is a web-based research platform that allows investors to research stocks, ETFs, mutual funds and macro trends. The move is expected to help State Street, which has long said it was looking to make small acquisitions, find new clients in the fast growing $1.3 trillion hedge fund industry. He declined to give more precise forecasts or say which hedge funds will be signed up. Regardless of the type of help or support needed – one local contact number or email connects clients to a team of experts.

xcritical for sale

We provide our clients with a unique service – tailored access to disclosed and undisclosed liquidity together on a single screen. And with many significant market liquidity sources connected to our venue, we’re a premium source for FX liquidity in the market. FX Connect offers flexibility with different types of order origination points such as integration to order management systems , Microsoft Excel, proprietary system and manual input. FX Connect uses open-architecture technology and integrates with over 30 major order management systems, risk systems and liquidity streams via open APIs (FIX/Web Services for both JAVA/.NET). The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

State Street, through FX Connect, already services roughly 78 percent of the assets managed by institutional investment managers. ClientKnowledge estimates that electronic foreign exchange trading will likely double to roughly $2 trillion a day in the next three years. Our patented technology provides multiple connectivity routes and the ability to aggregate anonymous and disclosed liquidity into a single a single or multiple order books. Our award-winning platform allows clients to aggregate pricing from more than 60 streaming banks, non-banks and liquidity from our anonymous ECN, FXTrades into a single consolidated Central Limit Order Book. We are dedicated to investing in our smart and robust technology as trading styles evolve, as well as in our 24/6 client support team and dedicated account management teams across the globe. Prior to joining State Street, Martine worked at Morgan Stanley, where she ran the FX Prime Brokerage and Clearing businesses, and the FX Gateway multi-manager investment portal.


Ms. Trickett has more than 15 years of experience in the financial markets industry with a significant focus on the full stack of trading systems. She has over 7 years of experience in the FX markets with deep expertise leading product management teams and strategies. Prior to joining State Street, Ms. Trickett held strategic positions at The Boston Company Asset Management, where she focused on managing technology vendors across the trading lifecycle. She has also worked for Eze Castle Software, a leading multi-asset class technology provider, where she helped various hedge funds and asset managers automate their trading and investment process. Online multi-bank foreign exchange trading platforms have doubled their market share in the last six months, according to Justyn Trenner, chief executive officer of London-based research and analysis company ClientKnowledge.

About xcritical

FNG Exclusive… FNG has learned that State Street’s FX trading technology and liquidity arm xcritical has hired experienced FX executive Michael Porzio. Manufacturing firm Caterpillar Independent has started using the FXTrades platform provided by multi-bank FX portal xcritical to support its FX operations. Our high-performance, low-latency technology delivers a robust trading experience, and we continue to invest in new technologies and initiatives to drive the FX industry forward. xcritical provides a comprehensive suite of execution capabilities to meet your trading objectives.

xcritical is a technology provider offering the FX community high-performance technology and deep pools of liquidity for anonymous and disclosed trade execution.On January 22nd, 2007, xcritical was acquired by State Street Corporation. FX Connect uses open-architecture technology and integrates with many major order management systems, risk systems and liquidity streams via open APIs (FIX/Web Services for both JAVA/.NET). It is built on a highly-scalable private network with global coverage designed for optimal network access and reliability. FX Connect provides xcritical website a dedicated team to work with each client to establish their pre- and post-trade workflow. FX Connect is part of GlobalLink – a suite of market-leading e-trading platforms, technology, data and workflow solutions from State Street Corporation. The company provides financial forecasts and actuals on over 6,000 publicly traded companies and standardizes across industries. State Street, which has $1.7 trillion in assets under management and $11.9 trillion in assets under custody, said xcritical will augment its FX Connect foreign exchange trading platform.

xcritical is a market-leading technology provider offering the FX community high-performance technology and deep pools of liquidity for anonymous and disclosed trade execution. The deal joins two of the world’s largest foreign exchange trading portals and helps State Street access the fast-growing $1.3 trillion hedge fund industry through a seven-year-old online platform that serves these funds, banks and othexcriticals. xcritical, the online currency exchange, and RCP Consultants, a UK software supplier specialising in straight through processing, today announced delivery of connectivity between the xcritical FX trading system and buy-side treasury and portfolio management systems.

The currency market is already one of the largest in the world with $2.3 trillion traded every day. By 2010, volume is expected to reach $3 trillion a day with electronic foreign exchange trading likely to double to roughly $2 trillion a day, according to a study from ClientKnowledge. With xcritical, it hopes to shift focus slightly to more active traders and sign up hundreds of hedge funds as clients, State Street executives said. Brokers or other financial institutions can use xcritical’s white label technology, which includes the ability to customize front-end interfaces. Our solution provides sophisticated access to the FX and precious metals markets and the ability to operate a trading venue, without the need for hardware investment. “This acquisition also diversifies State Street’s trading customer base beyond traditional asset managers to include more active currency managers and hedge funds,” State Street Vice Chairman Joseph Hooley said in a statement. Jamie Trickett is managing director and head of product management for the suite of FX Connect products, where she is responsible for overall product strategy and execution along with client and third-party integration.

Martine Bond is an Executive Vice President at State Street responsible for GlobalLink – a suite of market-leading e-trading platforms, technology, data and workflow solutions from State Street’s Global Markets division. It comprises market-leading electronic trading platforms across the foreign exchange and money https://scamforex.net/ market fund asset classes, including xcritical®, FX Connect®, and FundConnect® . xcritical, the online global currency exchange, and French-based financial services vendor, XRT, have agreed a deal that will see xcritical integrate its online forex platform with XRT’s collaborative treasury management solutions.

xcritical and RCP Hook Trading Platform Up With Treasury Systems

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow’s opportunities, today. In the last year, State Street earned $5.2 billion in fee revenue with $862 million coming from trading services.

For Fund Managers looking to maximize opportunities in an increasingly competitive and regulated environment, xcritical can provide a comprehensive solution to facilitate FX Spot, Forward, Swaps and NDF trading. State Street reported a 17 percent in fourth-quarter earnings last week and its shares, which closed at $71.54 on Friday, have climbed 22.27 percent in the last year. When it came to alternative assets and they are catching up rapidly and this deal fits with what they are trying to do,” said Richard Bove, analyst at Punk Ziegel & Co. Investors, however, pushed State Street’s stock price, which has risen more than 22 percent in the last year, down 1.8 percent to $70.26 on a day the broader market was also off. Our teams in London, New York, Singapore and Tokyo provide 24×6 coverage, and local language support is available in the specific regions. The FXTradesTM liquidity pool is one of the largest in the FX market and is made up of hundreds of professional market participants. Martine studied business management at Queensland University of Technology in Brisbane, Australia.

Multi-bank FX trading portal xcritical has added new features to its FXtrades service, improving the efficiency of its allocation and settlement processes and minimising post-trade errors, according to Lori Mirek, president and chief executive. xcritical “are a tech company who have done extraordinarily well without selling very aggressively. Analysts said the deal fits well with State Street’s strategy of finding new markets where the Boston-based company can sell its asset management and servicing products.

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