State Street Completes Acquisition of CF Global Trading
01 Febrero 2024 - 5:17AM
Business Wire
- Deal extends the ability for State Street to provide outsourced
trading services to clients in the UK and the EU
State Street Corporation (NYSE: STT) announced today that it has
completed its acquisition of CF Global Trading, a global firm
specializing in outsourced trading on an agency basis for a variety
of asset classes including equities, listed derivatives and fixed
income. Financial terms are not being disclosed.
“Outsourced trading enables organizations to access new asset
classes, prepare for regulatory shifts and navigate global markets
while allowing them to focus on their strategic outcomes on behalf
of their clients,” said Dan Morgan, global head of Portfolio
Solutions at State Street. “The addition of CF Global Trading
brings industry-leading expertise that strengthens our current
outsourced trading services. We welcome the CF Global team to State
Street and look forward to the team complementing and enhancing our
outsourced trading solutions globally.”
State Street has provided clients with outsourced trading
solutions since 2010, and has invested in technology and people to
provide a leading agency, multi asset class outsourced trading
solution. State Street currently provides outsourced trading to
clients in the Americas, APAC and Middle East, and CF Global
Trading will extend the ability for the firm to provide these
services to clients in the UK and the EU. The new combined State
Street footprint for outsourced trading will include trading desks
in Boston, New York, Toronto, London, Lisbon, Hong Kong and Sydney.
Additionally, the closing of the deal will allow State Street to
offer a complete global trading solution as part of the firm’s
State Street Alpha® front-to back platform.
“We are very pleased to announce the close of this acquisition.
Joining State Street allows our team to continue to build on our
client platform and award-winning outsourced trading experience
with the scale that comes with being part of one of the world’s
largest institutional financial services providers,” said Scott
Chace, co-founder and CEO of CF Global Trading.
Please click here to learn more about State Street's Outsourced
Trading capabilities.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $41.8 trillion in assets
under custody and/or administration and $4.1 trillion* in assets
under management as of December 31, 2023, State Street operates
globally in more than 100 geographic markets and employs
approximately 46,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
* Assets under management as of December 31, 2023 includes
approximately $64 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
© 2024 State Street Corporation 6305680.1.1.GBL.RTL
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Media Contact: Ed Patterson +1 (404) 213-3106
epatterson@statestreet.com
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