Tech briefs

Sumitomo joins FX Connect

Tokyo-based Sumitomo Trust and Banking (STB) has become the first Japanese bank to provide liquidity to FX Connect, State Street’s multi-bank FX trading platform.

“FX Connect enables both clients and counterparty banks to substantially reduce the time and back-office order processing burden of online FX trading,” said Shinji Imanishi, deputy general manager of financial products and marketing at STB. The addition of STB comes as more institutional investors i