State Street Global Markets
State Street Global Markets is a Tier-1 FX liquidity provider focused on institutional clients.
State Street Corporation (trading arm State Street Global Markets; US broker-dealer State Street Global Markets, LLC) · Boston, Massachusetts, USA · last re-checked 2026-09 · evidence score 95/100
Licence, read on the register
| 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. Rows without a tier are recorded without classification rather than guessed.
Where the published model fits
- Institutional investors
- Pension funds
- Asset managers
Watch for
- Self-measured FXConnect volume claims
- Limits of Tier-1 licensing
Founded in 1792, State Street Global Markets operates under SEC and FINRA licenses as a US broker-dealer. The firm offers a range of FX products and is integrated with multiple trading venues. Self-measured claims regarding FXConnect volume should be approached with caution due to the lack of third-party verification.
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 that remain the venue's own measurement
- FXConnect volume beyond the 2004 disclosure (dated, self-measured)
- Liquidity sourcing metrics in ECB FX working-group presentation (aggregate, self-measured)
