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Institutional Investor FX Guide

State Street Bank is a global custodian bank that safeguards, invests, and administers assets for institutional clients. It has a presence in markets around the world through its State Street Global Markets division, which provides research, sales and trading services including foreign exchange. Within foreign exchange, State Street has a global team of traders, salespeople and researchers who work together to facilitate currency trades for clients, with trading desks in various time zones to provide coverage across markets. For growth, new hires in foreign exchange focus on developing business, financial, technical and communication skills through tasks like booking trades and gathering market data.

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shravankarnani
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254 views7 pages

Institutional Investor FX Guide

State Street Bank is a global custodian bank that safeguards, invests, and administers assets for institutional clients. It has a presence in markets around the world through its State Street Global Markets division, which provides research, sales and trading services including foreign exchange. Within foreign exchange, State Street has a global team of traders, salespeople and researchers who work together to facilitate currency trades for clients, with trading desks in various time zones to provide coverage across markets. For growth, new hires in foreign exchange focus on developing business, financial, technical and communication skills through tasks like booking trades and gathering market data.

Uploaded by

shravankarnani
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.

FOREIGN EXCHANGE

State Street Bank Foreign Exchange Sales & Trading

April 4th, 2013 Shravan Karnani

FOREIGN EXCHANGE

State Street Bank A brief overview


Quick Facts:

Custodian Bank
- A financial institution that is responsible for holding and keeping safe the various assets of an investment company

Clients
- Institutional investers such as insurance companies, mutual funds, hedge funds and other investment banks such as Goldman Sachs/Citi/Barclays

Products & Services


- Safeguarding, investing and administering assets/securities such as stocks, bonds, commodities and foreign currencies

Global Presence
2

FOREIGN EXCHANGE

Main business of the organisation

FOREIGN EXCHANGE

State Street Global Markets


Investment Research and Trading

Research

Investor Behavior, Portfolio and Risk Management, Market Strategy Provide research to clients and sales/traders

Sales &Trading

Foreign Exchange
Equities Fixed Income

Securities Finance

Provide securities lending services, typically with State Street as the agent matching its clients with approved borrowers.

FOREIGN EXCHANGE

Foreign Exchange at State Street Global Markets (Sales & Trading)


Front Office roles - Trading, Sales and Research Research: Analyse the markets and bring their ideas together into reports which help clients make investment decisions. Sales: Talk to the clients, giving their orders to the traders and relaying back the prices. They also sell State Street research products to clients to get orders Traders: Act in the foreign exchange market to buy/sell currencies on the customers behalf and to manage their own positions A global team SSGM around the world.

Unlike equity markets Foreign Exchange markets are never closed


This means that a global bank requires a global foreign exchange team to meet the needs of sophisticated investors. The forex market is at its largest in London trading hours. 84% of all Forex transactions happen in London, New York and Tokyo. London trading hours are between 7am to 5pm.
5

FOREIGN EXCHANGE

Tasks and role within the team

- Booking overnight orders

-Link between Front Office and Back Office to investigate any unmatched client trades
- Booking/Cancelling/Amending FX trades - Pricing of small trades - Covering for sales or traders - Gather charts and important economic indicators
6

FOREIGN EXCHANGE

Growth and Professional Development


- Increased knowledge of the business and financial markets

- Ability to work under pressure and time management

- Numerical and technical skills

- Communication and team working skills

- Work-shadowing different sales and trading desks

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