30th July 2018

State Street Announces New Buy-Side Automated Order Router for its FX Connect® Service

LONDON -- State Street Corporation (NYSE: STT) today announced that FX Connect, its FX execution venue has introduced a significant new piece of functionality, the Automated Order Router (AOR).

FX Connect’s AOR enables the buy-side to further streamline its current execution process and allows for rules-based trading for Request for Stream (RFS) sessions. This is where buy-side firms can establish a rule-set inclusive of defined attributes, which will in turn determine the submission and/or acceptance of orders with minimal human involvement. Users can monitor these automated orders in real-time in their ‘Active Orders’ view and take manual action to accept or cancel the orders if needed.

“This powerful new functionality is fully customisable and allows client firms to choose how to execute their trades. It will help make clients’ FX trading more efficient and more transparent, and adds value to the investment decision making process,” said Beverley Doherty, global head of FX Connect. “The new AOR functionality has been driven by direct feedback from our clients. They want the ability to execute certain types of FX orders in a low-touch manner and our new offering enables them to do this with confidence.”

“From pre-trade to post-trade, our workflow engineering and feature-rich platform enables our customers to optimize the entire trade lifecycle and meet regulatory and compliance mandates,” said David Newns, head of execution solutions for Global Link, State Street’s suite of e-trading platforms, technology, data and workflow solutions. “FX Connect continues innovating and improving our products to meet the evolving needs of our customers in new and exciting ways.”

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $33.90 trillion in assets under custody and administration and $2.70 trillion* in assets under management as of June 30, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com [3].

* Assets under management include the assets of the SPDR® Gold ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $33 billion as of June 30, 2018), for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.

State Street provides specialized investment research and trading in foreign exchange, equities, fixed income and derivatives. To learn more about State Street’s foreign exchange offerings, click here [4]. To learn more about FX Connect specifically, click here [5].

State Street Corporation, One Lincoln Street, Boston, MA 02111-2900
2193249.1.1.GBL.RTL

Important Information All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for decisions based on such information and it should not be relied on as such. The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without State Street's express written consent. The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor. This document contains certain statements that may be deemed forward looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected.