Paul Duncombe State Street Global Advisors
Paul Duncombe State Street Global Advisors

eFX trading solutions in the Currency Overlay business

Paul Duncombe and James Smith from State Street Global Advisors tell us about the positive impact of e-Trading on their business.

James Smith State Street Global AdvisorsState Street Global Advisors has been using electronic trading platforms for over two years, and was probably one of the first fund management firms to start using the technology. Two factors always made it likely that we would be one of the initial asset managers to go down this route. First, we are one of the leading currency overlay managers of institutional assets and have a dedicated team of currency managers and traders executing large volumes of foreign exchange. Second, as a division of State Street Corporation, we were given an early opportunity to use the electronic trading platform, FX Connect, developed by the treasury division of our parent company.It is worth stating at the outset that our experience with e-trading platforms has been very positive, and the impact on our business significant. Prior to installing an electronic dealing system, we were processing a considerable volume of FX tickets.In addition to handling third party currency overlay...continued

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