State Street Global Markets has announced the launch of TruCross/FX which is available exclusively to the institutional buy-side community. TruCross/FX is a FX spot benchmark execution product that facilitates the matching of institutional trades to create efficiencies in electronic FX benchmark trading by reducing information leakage and volatility around benchmark pricing times.
“TruCross/FX is a timely solution to investors’ concerns around benchmark trading,” said Mark Snyder, executive vice president and head of State Street Global Markets Sales & Trading and Research business. “TruCross/FX builds on State Street’s expertise in technology and trading in the FX market. Our goal is to offer our clients a solution that ultimately leads to a more transparent and efficient FX marketplace.