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State Street Unveils Swaps Clearing Platform

State Street Corp. has expanded its futures commission merchant activities to include the launch of its swaps clearing platform.

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.

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