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      State Street To Buy CF Global Trading

      Published: just now

      State Street To Buy CF Global Trading

      The terms were not disclosed although the transaction is set to close before the end of 2023 subject to final agreement.

       

      March 23, 2023 - State Street announced that it has agreed to acquire CF Global Trading, an outsourced trading services supplier in order to expand their current outsourced trading offer.

       

      CF Global Trading works across multiple asset classes and to support asset managers in extending their global trading infrastructure.

       

      State Street currently provides outsourced trading services in the Americas, APAC and Middle East, and CF Global Trading will extend the ability for the firm to provide these services to clients in the UK and the EU.

       

      There are currently plans to open execution desks in Hong Kong, London, New York and Lisbon prior to the acquisition closure. The new combined State Street footprint for outsourced trading will include trading desks in Boston, New York, Toronto, London, Lisbon, Hong Kong and Sydney following the deal.

       

      Dan Morgan, global head of Portfolio Solutions at State Street, said, "With the addition of CF Global Trading, we add scale and significant expertise to our outsourced trading services that will complement and help further bolster our current offerings."

       

       

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      This content may have been written by a third party. LiquidityFinder makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
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