SEB joins FX Connect

First Published: e-Forex Magazine 23 / News / April, 2006

SEB Group has joined FX Connect, State Street’s electronic foreign exchange trading system. Launched in 1996, State Street’s FX Connect became the industry’s first buy-side, multi-bank FX trading platform in 2000 and last year, FX Connect surpassed $45 billion in daily trading volume, underscoring its dominant position in the online electronic foreign exchange marketplace.“FX Connect complements our overall eFX strategy with its global distribution into the Asset Management community,” said David Steiner global head of eFX at SEB. FX Connect is offered via State Street’s proprietary Global Link® network, which delivers unique fact-based research, decision support tools and trading technology for six asset classes to clients in 24 countries worldwide, who collectively manage approximately 75 percent of the world's total professionally managed assets....continued

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