News

Technology News

State Street Debuts Spot Benchmark Execution Product

Wednesday, May 28, 2014 5:00:00 AM PDT | VentureDeal
   Boston, Massachusetts  --  State Street Global Markets announced the upcoming launch of a new foreign-exchange spot benchmark execution product for the institutional buy-side community.

Called TruCross/FX, the system will facilitate the matching of institutional trades to create efficiencies by reducing information leakage and volatility around benchmark pricing times.

The service aims to replace the current model of bilateral benchmark order submission processes by providing a series of automated daily sessions at which buy and sell orders for currency pairs are matched and then priced.

TruCross/FX is expected to be available in the third quarter of 2014.

Email Page  Email Page | Print Page Print Page

Free Trial

Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?

Start your Free 14 Day Trial now – no obligation or credit card required.

Free 14 day trial. No Obligation. Click to Register.
Venturedeal Twitter Venturedeal Facebook Venturedeal Linkedin


PCI - Level1