Mitsubishi Trust And Banking Corporation Joins State Street's FX Connect

State Street says Mitsubishi Trust and Banking Corporation (Mitsubishi Trust) will provide liquidity to FX Connect), its multi bank electronic foreign exchange trading system distributed via the Global Link network. Simon Wilson Taylor, head of Global Link at State Street

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State Street says Mitsubishi Trust and Banking Corporation (Mitsubishi Trust) will provide liquidity to FX Connect), its multi-bank electronic foreign exchange trading system distributed via the Global Link network.

Simon Wilson-Taylor, head of Global Link at State Street said, “We are delighted to welcome Mitsubishi Trust as a liquidity provider to FX Connect. Mitsubishi Trust’s commitment to servicing their institutional investor clients’ online foreign exchange needs through our FX Connect platform is evidence of our continuing success in the Japanese marketplace.”

State Street says volumes are now reaching 8,500 completed trades per day, of which 94 per cent are spot and outright forward transactions.

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