Over 400 asset management companies are currently using the network. On the buy-side, clients span 23 countries and collectively manage over half of the world's professionally managed cross-border assets. Global Link's sell-side providers currently include 23 of the world's largest banks.
This move to include a Japanese language version should help Japanese fund and asset managers to trade electronically. "Japan's sophisticated investors are increasingly utilizing online research and trading resources for their cross-border and marketing-investing pensions investment needs," says Christopher J. Picciotto, head of Global Link in Japan and Asia Pacific.
"Providing a Japanese language version of Global Link will help accelerate the growing acceptance of electronic trading among asset managers in Japan, where about $20 billion of trades are made daily on the Tokyo currency market."
State Street Corporation currently has $5.8 trillion in assets under custody and $703 billion under management.