COUNTERPARTY FILE · last re-checked 2026-09
State Street Global Markets — institutional liquidity provider
This record reflects the current standing of State Street Global Markets with noted residual risks.
Licence, read literally
| Regulator | Licence number | Jurisdiction | Tier | Source |
|---|---|---|---|---|
| SEC/FINRA (BrokerCheck, State Street Global Markets, LLC) | 8-69862 | US | tier-1 | open source ↗ |
| SEC (EDGAR, State Street Corporation) | 000093751 | US | tier-1 | open source ↗ |
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.
Residuals a counterparty carries
Unpublished trading venue details
State Street Global Markets does not publish details of venues beyond FX Connect.
Source: firm disclosures page
Self-measured FX volume metrics
FXConnect volume beyond the 2004 disclosure is self-measured and not independently verified.
Source: self-measured claims
The claims ledger
Claims specific enough to be falsified — and the ones that remain the venue's own measurement.
Testable claims
- State Street Global Markets is the investment research and trading arm of State Street Corporation (NYSE: STT) (investors.statestreet.com press release, 2004)
- FXConnect multi-bank electronic FX trading system surpassed $30 billion in daily trading volume for the first time in Dec 2004 (investors.statestreet.com)
- FX Connect offers access to more than 300 currency pairs for spot and up to 70 pairs for forwards and swaps, integrated with TradeNeXus (statestreet.com FX Connect product sheet PDF)
- State Street Markets provides advanced trading, financing, foreign exchange and research capabilities (statestreet.com home page)
Claims we cannot verify from outside
- FXConnect volume beyond the 2004 disclosure (dated, self-measured)
- Liquidity sourcing metrics in ECB FX working-group presentation (aggregate, self-measured)
Perimeter and coverage
| Asset classes | Venues | Connectivity | Clients accepted | Explicitly refused |
|---|---|---|---|---|
| FX spot, FX forwards, FX swaps, NDFs | FX Connect (multi-bank platform), EBS, Reuters, CLS | FIX, FX Connect, TradeNeXus post-trade integration | Institutional investors, Asset managers, Pension funds, Corporates, Banks | Retail clients |
A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as disclosure, not as a defect.