Global Trading Across Asset Classes

Cash & Derivative Markets

As technology and trading options evolve and grow more complex, you can rely on State Street
to be a strong and trusted trading partner focused on helping you to mitigate risk and minimize
cost. Our expertise and neutrality provide you with full anonymity and help you maximize your
liquidity reach.
Agency-Based Broker
Our agency execution model means we're not operating a proprietary trading book like other
global brokers. Our team of investment professionals in Boston, New York, San Francisco,
London, Sydney, Toronto, Tokyo and Hong Kong provide 24-hour service, throughout the global
trading week, focused on facilitating your liquidity needs.
Our platform is designed to intelligently access multi-venue liquidity, through the use of pretrade optimization tools, algorithmic trading strategies and advanced smart order routing. With
access to more than 50 strategies, we combine internal and external solutions with back-tested
indicators from market observables, real-time liquidity analysis and intraday signals to help you
capture performance.
Whether you need low-touch solutions, such as crossing1 and algorithmic execution, or the
comfort of dealing with our traders in a high-touch model, we offer execution approaches that fit
your business.
BlockCross ATS1
With our Alternative Trading System, you can access block-size liquidity of more than 240 buyand sell-side institutions with mid-point pricing. Implementation flexibility lets you to maintain
control and set the level of participation thats right for you.
Multi-Asset Execution Services
When you use our global coverage for seamless electronic execution, youll also benefit from
our post-trade management and straight-through processing efficiency in and out of your
custody accounts held by us or a third party (based on your contract).
Commission Sharing Arrangements (CSA) Aggregation2
You can execute through our CSA program, aggregating multiple CSA broker research
commission funds through one account while setting aside a portion of the commission to fulfill
eligible third-party research obligations.

Commission Recapture Program for Asset Owners and Asset Managers

With our commission recapture program, asset owners can reduce trading costs and improve cash
flow by returning some trading commissions to the underlying fund or asset owner.
Our Commission Recapture program:

Has no volume requirements

Enables you to direct the appropriate numbers for your fund or plan

Taps an extensive network of global correspondence brokers for commission sharing

ETF Execution Services3

We have an Authorized Participant (AP) relationship with many ETF sponsors, and can act in
the primary market directly with the sponsor to create and redeem shares.
Corporate Trading and Management Services3
For corporations looking to increase efficiency with expert execution, we offer:
Company Stock Trading
Utilize us as a broker, or to lead the pool of brokers performing share buyback trading
Corporate Stock Repurchase
Let us manage your company stock plan transactions, tapping our trading expertise within
ERISA guidelines