Scotia Capital has joined FX Connect, a multi-bank electronic foreign exchange trading system designed by State Street Corp. By accessing FX Connect, Scotia Capital’s institutional investors will be able to trade foreign exchange online with multiple banks around the world in a real-time, interactive environment.

“In addition to on-line FX trading, this service will provide clients with access to industry-leading research and analytics from major foreign exchange banks throughout the world. FX Connect is a welcome addition to Scotia Capital’s other web-based foreign exchange products including our proprietary trading service, ScotiaFX.com,” says Barry Wainstein, managing director & global head, Foreign Exchange and Money Markets, Scotia Capital.

FX Connect enables institutional investors to integrate FX trading into their portfolio execution process, enhancing their ability to transact large portfolios of spot, forward and swap transactions, with complex allocations across an unlimited number of accounts. The system also provides efficient post-trade clearing and confirmation.