State Street set to acquire CF Global

Custodians and primes eye growing opportunities to attract buy-side to outsourced trading services.

By Editorial staff

Global Custodian’s sister publication The TRADE has reported on the planned acquisition of outsourced trading firm CF Global by State Street. Should the deal go through, State Street will join UBS and Northern Trust among custodians seeking to grow their presence in this marketplace, which has also attracted a number of prime brokers, including Cowen and JonesTrading. The TRADE’s story can be accessed here.