State Street adds market pricing, symboloy, time series data from Refinitiv

Rick Steves

Charles River clients who subscribe to the service from Refinitiv will benefit from streamlined access to real-time equity, fixed income, and derivative market data alongside existing reference data. 

State Street has extended its relationship with LSEG, including a wide range of capabilities to support State Street across its business, enhancing its offerings to clients.

Under the new collaboration, clients can now access market pricing, symbology, and time series data from Refinitiv in the Charles River Investment Management Solution and the State Street AlphaSM Data Platform to better inform their investment and risk decisions.

FinanceFeeds webinar: Expert panel to discuss market data for multi-asset brokerages  

Charles River clients can leverage the service from Refinitiv

Charles River’s front and middle office investment management platform manages approximately $35 trillion in assets on behalf of investment firms, asset owners, wealth managers, hedge funds and insurers across 30 countries.

The Charles River Investment Management Solution leverages State Street Alpha to automate and simplify the institutional investment process across asset classes, from portfolio management and risk analytics through trading and post-trade settlement, with integrated compliance and managed data throughout.

Charles River clients who subscribe to the service from Refinitiv will benefit from streamlined access to real-time equity, fixed income, and derivative market data alongside existing reference data.

Andrea Remyn Stone, Group Head, Data & Analytics, LSEG, commented: “State Street has been a valued client of both FTSE Russell and Refinitiv for many years and we are excited to extend our collaboration. We look forward to continuing to work with State Street as a key strategic partner, providing our broad range of global, multi-asset class solutions to help enhance its services.”

John Plansky, executive vice president and head of State Street Alpha, said: “LSEG brings together a broad range of data, indexes and analytical services. Nearly every part of our business has been using services provided by LSEG for many years and we look forward to continuing to innovate together to serve State Street’s clients.”

State Street to acquire BBH’s investor services for $3.5 billion

State Street has recently made the headlines for a deal to acquire BBH’s investor services for $3.5 billion. The agreement includes its custody, accounting, fund administration, global markets, and technology services.

The deal will make State Street the World’s number one provider of asset servicing as it brings together two premier businesses with a significant scale.

The acquisition worth $3.5 billion is expected to deliver earnings accretion in year 13 as State Street increases its pre-tax margin medium-term financial target. As a result of the anticipated earnings growth from this transaction, State Street is now targeting an increased pre-tax margin of 31%.

The acquisition is expected to advance State Street’s strategy as an enterprise outsource solutions provider by creating the number one asset servicer globally, 1 strengthening competitive positioning, expanding geographic coverage and enhancing client experience.

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