State Street Offers Multibank FX Trading In New Market Direction

INTERNET TECHNOLOGY

BOSTON--State Street Corporation last week opened FX Connect--its online trading system--to multiple banks through Global Link, the bank's e-commerce portal.

In a move that highlights the future of FX trading, State Street has signed up three banks to adopt the system.

Already other leading foreign exchange providers have expressed their interest in the system to State Street.

So far, only Deutsche Bank has confirmed its participation, but Simon Wilson-Taylor, worldwide head of Global Link, s