FX Connect, Currenex Platforms Garner FCA Approval to Operate as MTFs

[kreslik.news]

State Street Corporation (NYSE: STT), a global financial services holding company, is gearing up for the eventual implementation of MiFID II in January 2018. The group has garnered approval from the United Kingdom’s Financial Conduct Authority (FCA) to upgrade its foreign exchange (FX) trading platforms, FX Connect and Currenex, to operate as multi-lateral trading facilities (MTFs) within the jurisdiction of MiFID II.

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The approval of both FX Connect and Currenex from the FCA is an important stroke for each platform as they look to make a splash in the largest markets in ... (read more)