State Street has completed its acquisition of CF Global Trading, a UK-based firm specialising in outsourced trading on an agency basis for a variety of asset classes, including equities, listed derivatives and fixed income. Financial terms are not being disclosed.
State Street currently provides outsourced trading to clients in the Americas, APAC and Middle East, and CF Global Trading will extend the ability for the firm to provide these services to clients in the UK and the EU. State Street’s outsourced trading service will now include trading desks in Boston, New York, Toronto, London, Lisbon, Hong Kong and Sydney. Additionally, the closing of the deal will allow State Street to offer a global trading solution as part of the firm’s Alpha front-to back platform.