The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

State Street looks to streamline deal deats

State Street Global Markets has acquired SSISearch, a specialized service provider for international payment processing and settlement instructions. SSISearch operates the settlement directory for CLS members, which provides asset managers, banks and other institutions with immediate access to verified standard settlement instructions via a secure website or State Street’s Global Link network.

“We are pleased to be at the forefront of an important and innovative market development that will reduce risk and enhance efficiency in the rapidly growing foreign exchange market,” says Simon Wilson-Taylor, executive vice-president and worldwide head of Global Link for State Street.

“This acquisition expands our suite of products and is another step in State Street’s strategy to provide neutral, open and integrated solutions that support the entire investment process, from pre-trade through post-trade, by streamlining communication for institutional investors worldwide,” he says.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree