State Street Corp. has expanded its futures commission merchant (FCM) activities to include the launch of its swaps clearing platform. The move will improve the financial services provider’s end-to-end derivatives solution that includes servicing, custody and accounting, collateral management, valuation, and risk and analytics.
The firm’s clearing capabilities are merged with its existing servicing offering, providing clients with a single source for the reporting of both clearing and processing-related activities. The new derivatives clearing offering integrates the expertise of eExchange, a division of State Street Global Markets, and State Street Global Services.
Click here for the release from Business Wire.