State Street Corporation has developed a comprehensive foreign exchange (FX) execution management workflow solution via its Global Link network for Merrill Lynch Investment Managers (MLIM) based in London.
As transparency and compliance requirements become more time consuming, a flexible and full-service solution that spans multiple trading processes significantly increases trading efficiencies,” said Simon Wilson-Taylor, managing director and worldwide head of Global Link for State Street.
Using Global Links FX Connect execution platform, the workflow solution integrates with MLIMs current processes. It allows MLIMs equities business to aggregate multiple sources of FX requirements, view associated compliance requirements, trade with multiple counter-parties, and access reporting capabilities all through a single platform.
“State Streets Global Link understood our workflow needs and developed a comprehensive workflow product to help further automate our foreign exchange process, said Paul Walker-Duncalf a managing director of Merrill Lynch Investment Managers. “Given the excellent integration support, large degree of customisation and FX Connect’s leading market share among asset managers, they were a natural choice for us to partner with.”