State Street pre-trade outsourcing

State Street has developed an 'outsourcing' model that focuses on the pre-trade and trade functions of the back office. State Street is already one of the leading providers of the more traditional outsourcing services involving custody, post-trade and trusteeship. The new service will be integrated, but not part of, existing outsourcing services. The move follows State Street's deal with PIMCO in August 2000 and Scottish Widows in October whereby State Street provides the entire back office and technology infrastructure for both organisations. In effect, the back office functions and staff...