Source: State Street Corporation
State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that it has completed the closing of its acquisition of Currenex.
The acquisition accelerates State Street's participation in the fast growing electronic foreign exchange trading market while significantly increasing and diversifying State Street's trading customers beyond traditional asset managers to include more active currency managers and hedge funds.
Together, State Street and Currenex will provide customers with the most comprehensive set of foreign exchange trading capabilities available in the market place today.