SunGard’s ETXTM and State Street’s FX ConnectÆ announce partnership

First Published: e-Forex Magazine 9 / News / January, 2003

FX ConnectÆ, State Street’s multi-bank foreign exchange trading system, is making a foray into the corporate marketplace via a recently announced partnership with SunGard’s ETXTM. After six years of focusing on the institutional investor market, State Street will deliver the straight-through-processing benefits and multiple liquidity providers of FX ConnectÆ to the corporate sector as a fully integrated component of all of SunGard’s corporate treasury workstation products. SunGard Treasury Systems’ client base comprises over 50% of Fortune 1000 companies. Together with the SunGard deal, State Street is rolling out a new product, Auto FX Connect, which has been specifically designed to meet the workflow and trading requirements of large corporations.FX Connect, an integral component of State Street’s multi-asset class Global Link platform, is a leader in the multi-bank foreign exchange trading industry with a market share estimated recently by Tower Group at over 70%....continued

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