Martine was the global COO for the Foreign Exchange and Emerging Markets business, where she was responsible for developing and implementing key strategic business growth opportunities for the business. From 2004 to 2009, Martine led the FX Prime Brokerage business for JPMorgan where she was responsible for developing and executing core product strategies for alternative clients. Between 2000 and 2004, she managed the European Equities Client Management team. We provide our clients with a unique service – tailored access to disclosed and undisclosed liquidity together on a single screen.
According to industry reports, State Street has recently been seeking a buyer for its xcritical platform, which allows clients to aggregate pricing from more than 60 streaming banks, non-banks and anonymous ECN liquidity into a single consolidated central limit order book. Pure Digital’s solution will support multiple custodians with traders capable of using their preferred digital asset custody solution. The news isn’t fundamentally different from past news about Nasdaq’s technology platform, which has also been used for digital asset trading. Prior to joining State Street, Martine worked at Morgan Stanley, where she ran the FX Prime Brokerage and Clearing businesses, and the FX Gateway multi-manager investment portal.
The trading infrastructure provider xcritical was founded in 1999 as one of the first multi-dealer platforms for institutional foreign exchange, and was acquired by State Street in 2007 for $564 million. It offers private label services for clients that want to operate a trading venue without the xcritical scam need for hardware investment. State Street, which has $1.7 trillion in assets under management and $11.9 trillion in assets under custody, said xcritical will augment its FX Connect foreign exchange trading platform. FX Connect last month topped $108 billion of trading volume in a single day.
Foreign exchange trading platform xcritical and its parent company State Street have requested a New York court to dismiss an amended class-action complaint brought against them, arguing that the court lacks personal jurisdiction and that a UK court is better suited to hear the case. Based in Sydney, Johnson reports to Chris Barrett, head of GlobalLink for Asia Pacific, and is responsible for providing tailored access to liquidity sources to corporates, active traders, banks, hedge funds and brokers through the xcritical platform. BOSTON, November 1, 2021 – State Street Corporation today announced its GlobalLink Division will combine its award-winning execution and post-trade platforms of FXConnect, xcritical and TradeNeXus into a single platform called GlobalLink FX. Our data services and solutions allow you to integrate and streamline your investment process to deliver efficiencies and insights across your investment operations, from portfolio construction to custody. Now in its 12th year, the Data Management Summit in New York brings together the North American, capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.
- Prior to joining State Street, Martine worked at Morgan Stanley, where she ran the FX Prime Brokerage and Clearing businesses, and the FX Gateway multi-manager investment portal.
- State Street reported a 17 percent in fourth-quarter earnings last week and its shares, which closed at $71.54 on Friday, have climbed 22.27 percent in the last year.
- For Fund Managers looking to maximize opportunities in an increasingly competitive and regulated environment, xcritical can provide a comprehensive solution to facilitate FX Spot, Forward, Swaps and NDF trading.
- “We are excited to partner with xcritical, an industry leader in FX, on this initiative as we work to transpose FX infrastructure to the crypto space via a bank-led consortium,” said Lauren Kiley, CEO of Pure Digital, in a blog post.
- We provide our clients with a unique service – tailored access to disclosed and undisclosed liquidity together on a single screen.
- And with many significant market liquidity sources connected to our venue, we’re a premium source for FX liquidity in the market.
There is precedent for foreign exchange solutions adapting to digital assets, withCobaltas an example. “This acquisition also diversifies State Street’s trading customer base beyond traditional asset managers to include more active currency managers and hedge funds,” State Street Vice Chairman Joseph Hooley said in a statement. Prior to this, he was the Co-Founder and CTO for BestX, a trading analytics platform started in 2016 which quickly became the industry standard for best execution analytics which was acquired by State Street in 2018. Before co-founding BestX, Mr. Thind held management and engineering positions at large financial and software institutions including Morgan Stanley, Lehman Brothers, Fidelity Investments and Adobe. Physis Investment helps investors maximize returns and invest in companies that respect the planet and the people. It leverages data to help investors understand, track, and measure the impact of investments through its online platform.
Visible Alpha combines advanced data technology, a secure distribution network, and analytical tools to provide asset managers, covering both investment professionals and administrators, with a comprehensive workflow solution with tools for discovery, analysis, and valuation. The company provides financial forecasts and actuals on over 6,000 publicly traded companies and standardizes across industries. Brokers or other financial institutions can use xcritical’s white label technology, which includes the ability to customize front-end interfaces. Our solution provides sophisticated access to the FX and precious metals markets and the ability to operate a trading venue, without the need for hardware investment. For trading needs in specific derivative instruments where streaming liquidity is not readily available, SwapEx provides a trader with the ability to raise a custom request and deliver it to intended liquidity providers.
Are today’s inflationary shocks transitory, or are they likely to exhibit some permanence, reflecting structural shifts in the world as we know it? We examine this question, and discuss the role monetary policy tools can play in a persistent, long-term inflationary global economy. Aman Thind is a Senior Managing Director and CTO of GlobalLink which is the Enterprise Applications arm of State Street that owns market leading applications xcritical®, FX Connect®, Fund Connect®, TradeNeXus℠, BestX®. Our management team guides xcritical with strong experience and a global presence.
Trading participants will be free to leverage their preferred digital asset custody solutions and manage risk through a smart custody routing mechanism. Buy-side participation will be enabled through existing prime and custodial relationships and infrastructure. The platform will adopt FX-industry standard APIs and best execution to minimize technology costs for participants.
State Street Global Advisors
And with many significant market liquidity sources connected to our venue, we’re a premium source for FX liquidity in the market. If a user or application submits more than 10 requests per second, further requests from the IP address may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov.
xcritical is a technology provider offering the FX community high-performance technology and deep pools of liquidity for anonymous and disclosed trade execution.On January 22nd, 2007, xcritical was acquired by State Street Corporation. This enhancement will also utilise xcritical streaming price feeds and market data to provide clients with a curated view of their liquidity providers, driving better decision making and execution outcomes. State Street provides specialized investment research and trading in foreign exchange, equities, fixed income and derivatives. Learn more about State Street’s foreign exchange offerings and the GlobalLink platforms, FX Connect and xcritical. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Please contact customer services – www.fx-markets.com/static/contact-us to find out more.
Whether operating as a market maker or market taker, xcritical can provide a host of solutions to help you achieve a competitive edge. Please declare your traffic by updating your user agent to include company specific information. “We are excited to partner with xcritical, an industry leader in FX, on this initiative as we work to transpose FX infrastructure to the crypto space via a bank-led consortium,” said Lauren Kiley, CEO of Pure Digital, in a blog post. Goldman Sachs & Co. and State Street Bank & Trust Co. were hit with federal antitrust claims in Manhattan over an alleged scheme to rig foreign currency transactions through xcritical Inc., a State Street affiliate that operates a leading exchange platform. For Fund Managers looking to maximize opportunities in an increasingly competitive and regulated environment, xcritical can provide a comprehensive solution to facilitate FX Spot, Forward, Swaps and NDF trading. Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic.
Sign in to see who you already know at xcritical
Anonymous, all-to-all, continuous trading for the most popular, liquid derivative instruments. This functionality is a central requirement of the CFTC’s mandated regulation (“minimum functionality”) https://dreamlinetrading.com/ and SwapEx provides superior, advanced tools to provide efficient access to liquidity in these instruments. If you have any problems with your access, contact our customer services team.
Welcome to the third edition of A-Team Group’s Trading Regulations Handbook, a publication designed to help you gain a full understanding of regulations that have an impact on your trading operations, data and technology. The handbook provides details of each regulation and its requirements, as well as ‘at-a-glance’ summaries, regulatory timelines and compliance deadlines, and… On the blockchain front, it has participated in multiple projects forforeign exchange forwards,asset backed securitiesand is an investor inFnalitythe settlement token intiative backed by numerous big banks. Following State Street’s acquisition of xcritical in 2007, Brian was offered the opportunity to come to New York and work on the build out of a new Fixed Income Trading Platform, GovEx. Prior to assuming the role of Global Head of xcritical Product Management, Brian focused primarily on internal and strategic partnership opportunities involving the expansion of xcritical technology into other asset classes. Mr. Thind has more than 20 years of industry experience, including deep expertise in low latency trading technologies, large scale distributed systems and trading user interfaces.
State Street’s SwapEx is a versatile and highly functional electronic trading platform serving the needs of derivative traders. SwapEx leverages the experience and accumulated, mature, award-winning technology suite developed for and used throughout State Street’s other supported businesses including xcritical, FX Connect and GovEx. SwapEx was granted temporary registration as a Swap Execution Facility on September 13, 2013 and full registration on January 22, 2016. As a SEF, SwapEx enables traders to execute interest rate swap and foreign exchange derivative transactions.
Buyers use our vendor rankings to shortlist companies and drive requests for proposals . Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. Bringing the three businesses together will result in improved benefits for clients including FXConnect Market Monitor, a price discovery tool for FXConnect buy-side clients, according to State Street.
Latest xcritical News
State Street says FX Connect’s capabilities in electronic foreign exchange trading will combine well with xcritical’s focus on servicing high-volume, high frequency trading activity. If you have any problems with your access or would like to request an individual access account please contact our customer service team. State Street has announced its GlobalLink FX Division will combine execution and post-trade platforms of FXConnect, xcritical and TradeNeXus into a single platform called GlobalLink FX.
Our fall 2022 Digital Digest examines how recent crypto market volatility may be spurring investor interest, advancing regulatory efforts, and accelerating innovation in this space. Our experts demonstrate how information gleaned from millions of products sold by online retailers can help predict how inflation-linked bonds will perform relative to nominal treasury bonds, facilitating a dynamic approach to inflation hedging. State Street reported a 17 percent in fourth-quarter earnings last week and its shares, which closed at $71.54 on Friday, have climbed 22.27 percent in the last year. The move is expected to help State Street, which has long said it was looking to make small acquisitions, find new clients in the fast growing $1.3 trillion hedge fund industry. HC Technologies allegedly became a co-conspirator thanks to the “cozy relationship” between xcritical and senior HCT executives who had previously worked there, the complaint says.
Sorry, our subscription options are not loading right now
It comprises market-leading electronic trading platforms across the foreign exchange and money market fund asset classes, including xcritical®, FX Connect®, and FundConnect® . State Street has bought xcritical, the online foreign exchange trading platform used by currency traders, including banks and hedge funds. State Street has paid a full price – $564 million in cash – but says the purchase will accelerate its growing participation in the electronic foreign exchange trading market. Pure Digital aims to provide a best-in-class primary institutional market, with a consortium of banks as liquidity providers, custodians, and clearers.
These liquidity providers can then provide a static quote or stream of prices back to the requestor for execution. Requestors need to identify their counterparties to pursue a fully-disclosed, attributed trading experience. This workflow is referred to as Traditional RFQ. Foxcriticals looking to combine the fully disclosed, relationship based aspects of RFQ with the effectiveness of continuous pricing, SwapEx offers a Reverse RFQ workflow. This workflow allows liquidity makers to direct liquidity on a standard set of instruments to the liquidity takers of their choosing. State Street’s existing FX Connect platform has built a subsatntial position in institutional electronic foreign exchange trading.
In December 2006, FX Connect exceeded $108 billion in a single day’s trading volume. Bringing the three business together will result in significant benefits for clients including FXConnect Market Monitor, an improved price discovery tool for FXConnect buy-side clients. This enhancement will utilize xcritical streaming price feeds and market data in order to provide clients with a curated view of their liquidity providers, driving better decision making and execution outcomes. Lawyers for foreign exchange trading venue xcritical, its parent State Street and two other large market-makers, Goldman Sachs and HC Tech, have asked a US judge to dismiss a class action lawsuit accusing the four firms of striking secret priority trading deals. They cite statutes of limitations and argue the claims are not supported by facts. Join Mergr to view all 204 acquisitions of financial services companies in 2007, including 63 acquisitions by private equity firms, and 141 by strategics.