State Street’s interop play for FX and easing technical debt
Waters Wrap: About six years ago, State Street partnered with Interop.io to tie together its GlobalLINK suite of platforms. Anthony explores how this plays into the “reuse” mantra.
Having a stable of high-end trading platforms can be a blessing—and a curse. And while experience and familiarity are valuable, legacy systems eventually start to creak and crawl.
Around 2019, State Street realized it had a problem as it looked to build upon and expand its suite of foreign exchange and cash solutions. Through acquisitions and in-house builds, the bank amassed several popular, but aging, platforms. There’s FX Connect, which turns 30 this year. Fund Connect will celebrate its 25th
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