OTCX Certifies Integration with Charles River IMS

Press release - February 2, 2021

OTCX, the leading multi-dealer RFQ platform for off-venue interest rate derivatives, today announced the successful certified integration with Charles River Investment Management Solution (Charles River IMS). Together with State Street Corporation middle and back office capabilities, Charles River’s cloud-deployed software technology forms the foundation of State Street Alpha℠.

Charles River IMS offers its clients advanced risk, portfolio management and trading capabilities across asset classes, including fixed income and derivatives instruments. However, many of these derivatives are still traded via voice, chat or email. OTCX, by linking clients directly to their dealers, brings trading workflow efficiencies and helps dramatically reduce operational risk due to manual input. Charles River clients are now able to seamlessly request prices and negotiate fix-float interest rate swaps, overnight index swaps and inflation swaps across G10 and EM currencies.

“Certification with Charles River IMS brings peace of mind to our clients and an innovative solution to an OTC trading market that has seen limited benefit from digital disruptors. We are looking forward to continuously bringing value to our mutual clients by expanding the integration coverage and defining new OTC trading standards across rates, credit, equity and commodities. The next stage of our collaboration with Charles River will include certifying cross currency swaps.” commented Nicholas Leib, Head of Product at OTCX.

“We’re delighted that OTCX is now certified on our investment management platform,” said Michael Beattie, Director, Product Strategy at Charles River Development. “Collaborating with trading platforms such as OTCX enables us to extend our solutions by providing clients with access to essential trading interfaces.”

About OTCX

OTCX's independently owned multi-dealer RFQ platform is designed to bring, both for clients and dealers, unrivaled performance and operational efficiency to the trading of vanilla and exotic interest rate derivatives, in addition to structured products and equity derivatives. OTCX benefits anyone looking for a smarter, more efficient way to manage and support their OTC trading through powerful pre-trade, in-trade and post-trade analytics. The platform’s flexible trade capture, structured communication and extensive APIs set new standards in OTC trading and remove the dependence on manual processes and fragmented technologies.

About Charles River, a State Street Company

Investment firms, asset owners, wealth managers, hedge funds and insurers in more than 30 countries rely on Charles River’s front and middle office investment management platform to manage more than US$30 Trillion in assets. Together with State Street’s middle and back office capabilities, Charles River’s cloud-deployed software technology forms the foundation of State Street AlphaSM. The Charles River Investment Management Solution (Charles River IMS) is designed to automate and simplify the institutional investment process across asset classes, from portfolio management and risk analytics through trading and post-trade settlement, with integrated compliance and managed data throughout. Charles River’s growing partner ecosystem enables clients to seamlessly access external data and analytics, applications and liquidity venues that support the unique demands of their product and asset class mix. Headquartered in Burlington, Massachusetts, we serve clients globally with more than 1,000 employees in 11 regional offices. (As of Q3 2020) To learn more visit www.crd.com.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $38.8 trillion in assets under custody and/or administration and $3.5 trillion* in assets under management as of December 31, 2020, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

*Assets under management as of December 31, 2020 includes approximately $75 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

Disclaimer:

Charles River Development - A State Street Company is a wholly owned business of State Street Corporation (incorporated in Massachusetts)..This document and information herein (together, the “Content”) is subject to change without notice based on market and other conditions and may not reflect the views of State Street Corporation and its subsidiaries and affiliates (“State Street”). The Content is provided only for general informational, illustrative, and/or marketing purposes, or in connection with exploratory conversations; it does not take into account any client or prospects particular investment or other financial objectives or strategies, nor any client’s legal, regulatory, tax or accounting status, nor does it purport to be comprehensive or intended to replace the exercise of a client or prospects own careful independent review regarding any corresponding investment or other financial decision. The Content does not constitute investment research or legal, regulatory, investment, tax or accounting advice and is not an offer or solicitation to buy or sell securities or any other product, nor is it intended to constitute any binding contractual arrangement or commitment by State Street of any kind. The Content provided was prepared and obtained from sources believed to be reliable at the time of preparation, however it is provided “as-is” and State Street makes no guarantee, representation, or warranty of any kind including, without limitation, as to its accuracy, suitability, timeliness, merchantability, fitness for a particular purpose, non-infringement of third-party rights, or otherwise. State Street disclaims all liability, whether arising in contract, tort or otherwise, for any claims, losses, liabilities, damages (including direct, indirect, special or consequential), expenses or costs arising from or connected with the Content. The Content is not intended for retail clients or for distribution to, and may not be relied upon by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to applicable law or regulation. The Content provided may contain certain statements that could be deemed forward-looking statements; any such statements or forecasted information are not guarantees or reliable indicators for future performance and actual results or developments may differ materially from those depicted or projected. Past performance is no guarantee of future results. No permission is granted to reprint, sell, copy, distribute, or modify the Content in any form or by any means without the prior written consent of State Street. The offer or sale of any of these products and services in your jurisdiction is subject to the receipt by State Street of such internal and external approvals as it deems necessary in its sole discretion. Please contact your sales representative for further information.

Information Classification: General

3361740.1.1.GBL.