State Street has completed its acquisition of outsourced trading firm CF Global one year after the deal was revealed by The TRADE in February 2023.
Financial terms of the completed deal were not disclosed. 
The acquisition will give State Street access to CF Global’s extensive relationships in the space as a segregated outsourced trading entity. Prior to the acquisition of CF Global, State Street had existing outsourced trading offerings in the Americas, APAC and Middle East. CF Global will extend this remit to the UK and Europe.
Read more – State Street set to acquire outsourced trading firm CF Global
“Outsourced trading enables organisations to access new asset classes, prepare for regulatory shifts and navigate global markets while allowing them to focus on their strategic outcomes on behalf of their clients,” said Dan Morgan, global head of portfolio solutions at State Street in a statement. “The addition of CF Global Trading brings industry-leading expertise that strengthens our current outsourced trading services.
The deal was originally revealed by The TRADE in February 2023 and later confirmed by State Street in the following March.
At the time of the confirmation of the deal, State Street said it will also allow it to offer a complete global trading solution as part of its front-to-back State Street Alpha platform.
Clients can expect greater capabilities in multi-asset class execution, modular-based solutions, and 24-hour global trading following the completion of the deal, State Street said.