State Street Fund Connect Celebrates 20 Years of Continuous Innovation in Money Market Fund Trading
30 October 2020 - 3:30AM
Business Wire
Industry-leading trading platform unveils new interface to
deliver seamless and intuitive cash management experience for
users
State Street Corporation (NYSE:STT) celebrates the 20th
anniversary of its Fund Connect platform – the leading global
trading, analytics and cash management tool with access to more
than 400 money market funds from leading providers. To celebrate
the milestone, Fund Connect has introduced a platform upgrade with
an all new user interface experience, featuring the addition of a
“widget enabled” customizable dashboard.
Fund Connect entered the market as one of the first providers of
an all-encompassing cash management platform. Over the past two
decades, the platform has continually evolved to stay at the
forefront of regulatory, industry and client needs. The portal
developed several first-to-market capabilities including: end to
end electronic trading, risk management functionality, automated
trade settlement, and a single, global, multi-currency platform
supported by local personnel in the US, EMEA and APAC.
“Over the past two decades, Fund Connect has focused on
delivering a best-in-class, integrated platform that saves
countless hours and introduces new levels of efficiencies for
clients who have come to rely on us day-in and day-out,” said
Martine Bond, head of GlobalLink, State Street’s suite of e-trading
platforms, technology, data and workflow solutions. “Our leading
industry position is a testament to our team’s ability to
continuously innovate and refine the platform based on our clients’
evolving needs.”
State Street has redesigned the Fund Connect platform to enhance
the overall user experience and has incorporated several new
streamlined functionalities, which include:
- A no-code, customizable dashboard allowing clients to create
their own user experience
- Improved page navigation and modernized graphics
- Expanded reporting capabilities with real-time systematic
updates
“Our team has stayed one step ahead of the digital revolution
throughout the past 20 years with a key focus on building a
continually evolving experience for our clients,” said Gregory
Fortuna, head of State Street’s GlobalLink Solutions. “We want to
empower clients with choice and flexibility around trading styles
and entry points, delivering that through cutting-edge open
architecture technology. As we build on the platform, we want to
continue to innovate, creating operational efficiencies through
customizable, integrated solutions.”
The latest version of this platform is now available to all
current clients across the globe. Fund Connect is available for all
short-term liquidity investors including corporations, asset
managers, universities, insurance companies, financial
intermediaries and alternative asset managers.
“Fund Connect is an incredibly user-friendly, simple tool that
facilitates our needs,” said Daniel Paredes, sr. analyst, Treasury
at Biogen. “As a small Treasury team, we require straightforward
solutions that are constant and reliable. Fund Connect exceeds our
expectations in every way.”
For further details or the complete list of upgrades to the
platform, please email FundConnect@statestreet.com.
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 $36.6 trillion in assets
under custody and/or administration and $3.1 trillion* in assets
under management as of September 30, 2020, State Street operates
globally in more than 100 geographic markets and employs
approximately 39,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of September 30, 2020 includes
approximately $81 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.
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Brendan Paul Bpaul2@statestreet.com +1 401 644 9182
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