State Street Global Markets today said that its broker dealer omnibus trading capabilities have been added to its Fund Connect money market fund trading platform, providing its clients with a single contract, allowing for multiple funds to trade simultaneously.
Fund Connect is part of eExchange, State Street Global Markets’ suite of integrated electronic trading solutions for institutional investors. In addition to omnibus trading, Fund Connect supports both custody and fully-disclosed trading models which allow institutional investors to automate their investment process.
“The addition of omnibus capabilities to Fund Connect helps to simplify the investment process for our clients by providing a broad range of funds to choose from under a single contract,” stated Cliff Lewis, executive vice president and head of State Street’s eExchange business.
“As volatility in the financial markets continues, it is increasingly important for our clients to have access to granular data about their investments on a daily basis.”