SunGard's eTX and State Street's FX Connect Announce Partnership
A new strategic alliance will connect SunGard’s corporate treasury customers to State Street Corporation’s electronic FX trading platform, FX Connect, via SunGard’s eTreasury eXchange (eTX). FX Connect was recently credited with a 70% market share in the multi-bank foreign exchange trading industry by Tower Group. Users of SunGard’s treasury systems will be able to initiate foreign exchange deal requests from within their treasury application, receiving bid and offer prices directly from the FX Connect platform. FX Connect is offered via State Street’s Global Link platform, delivering fact-based research, decision support tools, and trading technology for six asset classes to clients in 23 countries worldwide.