State Street signs 5 Canadian banks to post-trade FX tool

State Street Global Markets, the investment research and trading arm of State Street Corporation, has announced that five Canadian banks have joined State Street’s post-trade foreign exchange confirmation matching and settlement tool, Global Trading Support Services (GTSS), available through State Street’s Global Link® network. The five banks are: Bank of Montreal, Scotia Capital, CIBC, Royal Bank of Canada and TD Bank Financial Group.“Since its initial launch in 1996, we have been extremely pleased with the success we continue to see with our GTSS innovation,” said Simon Wilson-Taylor, managing director and worldwide head of Global Link for State Street. “With nearly 15,000 matched trades per week, GTSS’ track record of success in providing benefits for managers facing increasing margin pressures, speaks for itself.”...continued

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