[ O U T S O U R C E D T R A D I N G S U R V E Y ]
State Street
State Street |
2024 |
2023 |
Global Average |
Difference with Global |
Coverage |
6.23 |
6.78 |
6.21 |
0.02 |
Execution |
6.00 |
6.48 |
6.22 |
-0.22 |
Operations and Post-Trade |
6.81 |
6.78 |
6.23 |
0.58 |
Client Service and Relationship Management |
6.47 |
6.63 |
6.28 |
0.18 |
Trade Decision Support |
6.00 |
5.89 |
5.91 |
0.09 |
IPO Process and Allocations |
5.40 |
- |
5.33 |
0.07 |
Onboarding |
6.42 |
5.52 |
6.09 |
0.33 |
Service Level Factors |
6.10 |
- |
6.16 |
-0.06 |
Cost vs Value |
5.79 |
6.19 |
5.97 |
-0.18 |
Average |
6.14 |
6.32 |
6.04 |
0.09 |
CF Global , which now sits under the State Street umbrella following what was one of the landmark acquisitions in the industry ' s recent years , returns to our Survey this year . It has been a strong year for State Street with an overall average score of 6.14 , firmly beating the overall global average . State Street has been providing outsourced trading since 2010 . CF Global Trading – with its acquisition finalised in February – allows State Street to provide services to clients in the UK and EU . The closing of this deal between State Street and CF Global allows State Street to offer a complete global trading solution as part of its formal Alpha front-to back platform . Looking forward , State Street expects that T + 1 will be the most significant challenge for asset managers , but are feeling optimistic about the opportunity for providers to be able to offer solutions , especially by combining equity execution , FX and settlement support . Looking at the data , six out of the nine categories beat the overall
Chart 1
global average this year . Taking the top spot this year is Operations and Post-Trade , sitting at 6.81 , closely followed by Client Service and Relationship Management ( 6.47 ) and Onboarding
( 6.42 ). In fact , every category except for Cost vs Value ( 5.79 ) and IPO Process and Allocations ( 5.40 ) sit at Very Good ( 6.00 – 6.99 ). What is also worth noting is that , while many categories have seen
54 // Outsourced Trading Handbook // 2024