October - Multi-bank evolution continues

State Street secured a coveted deal with UK treasury software firm SunGard in October.

Under the terms of the deal, SunGard agreed to embed FX Connect, the Boston-based bank’s multi-bank FX trading platform, into the treasury workstations of its 1,400 corporate clients in the first marriage of major pools of buy-side and sell-side liquidity in e-FX.

The move to link SunGard’s corporate clients to an FX portal had been expected since the technology firm closed its own multi-bank effort, ST