State Street Selects Fidessa for Fixed Income

State Street
SSgA has engaged in a wholesale upgrade of its front office systems.

State Street Global Advisors (SSgA) has successfully implemented Fidessa's buy-side investment solution for fixed income and compliance.

The upgrade to SSgA, which was a previous LatentZero client before that company's purchase by Fidessa, integrates front office applications into a single platform environment. Automation has been increased, with connectivity, trading workflow and both pre- and post-trade compliance across all asset classes now accessible from one interface.

"We were impressed by the new partnership model that Fidessa has brought to its buy-side solutions," says said Marc Brown, chief administrative officer at SSgA. "The value this brings, along with the highly collaborative engagement process that Fidessa now offers, has facilitated the seamless transition of fixed income trading onto SSgA's enhanced global trading platform. With increased regulatory requirements and subsequently growing compliance costs, we feel confident that this technology will support SSgA's aim of driving down transaction and reporting costs while improving workflows and risk control."

 

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