State Street Markets grew revenue across both of its core trading franchises in 2025. FX trading services revenue rose 15% to $1.6 billion, and securities finance revenue rose 15% to $505 million. Those are the numbers of a sales and trading business that wins on execution, not inheritance.
State Street is best known as a custodian, with $51.7 trillion in assets under custody and administration as of September 2025. Its markets business draws on that base but competes in its own right.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
