State Street has integrated its LINK platform with Morgan Stanley Matrix, providing eligible buy-side FX trading clients with access to Matrix’s QSI analytics within their existing workflows.
The integration covers in-flight TCA and algorithmic controls for trades executed via State Street’s FX Connect and provides real-time visibility of transaction activity.
Morgan Stanley Matrix is the bank’s institutional platform for electronic trading, research and analytics, including FX.
Greg Fortuna, head of GlobalLINK at State Street said: “This integration reflects our continued focus on delivering greater transparency and insight across the FX trade lifecycle.
“By connecting LINK with Morgan Stanley Matrix, eligible buy-side clients gain access to in-flight analytics and controls that support more informed execution and stronger governance.”
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Specifically, clients can access the analytics through connectivity and single sign-on developed jointly by the two firms.
The move marks the latest third-party integration within State Street’s FX ecosystem.
The move follows a similar integration in May, when State Street connected LINK with BNP Paribas Cortex FX to give FX Connect clients in-flight TCA and algorithmic controls.
The integration also included real-time visibility of execution quality, along with SSO and API access.
