State Street

The State Street algo suite supports all G-10 currency pairs and the vast majority of EM deliverable currency pairs including: CNH, CZK, HKD, ILS, MXN, PLN, SGD, THB, TRY and ZAR. State Street supports trading FX "crosses" through a triangulation model which deals on either the direct cross or synthetically through the cross legs

Default settings and safety controls ensure efficiency and ease of use when launching a State Street algo. Robust customizations also exist including: liquidity pool selection, execution speed variation, cross spread variation, pause/amend, dynamic/preset slice size, allow shorten duration, "I would" take profit functionality, etc.

Interest Match allows for both peer-to-peer liquidity and offsetting algo flow to match within all four algo strategies.

VECTORFX, our SDP algo hub, allows live risk transfer execution within the life of the algo order. We also offer “staged algo” functionality within VECTORFX which allows for clients to run multiple algos all within a parent/child structure and amend/change strategies on the fly

In house post-trade TCA provides transparency into all child orders, fills and execution timestamps. Additionally, State Street provides independent post trade 3rd party TCA analysis via BESTX at no cost to our clients. State Street also provides real-time TCA via our algo hub VECTORFX. VECTORFX displays real-time algo fills between the market bid/offer while also displaying real-time slippages against different benchmarks

State Street’s algo offering segregates algo execution from the principal sales and trading desk. A segregated 24 hour support team is available to assist with any issues arising during algo execution via chat or phone. Algo subject matter experts are present in each region to help with client’s queries on the mechanics and usage of our strategies.