A press release entitled, "State Street FundConnect and Clearwater Advisors Offer Cash Management Trading Capabilities to Corporate Clients," says, "State Street and Clearwater Advisors LLC, an investment advisory firm, today announced that Clearwater Advisors' corporate clients can obtain access to FundConnect, State Street's corporate treasury trading platform. Clearwater Advisors is a leading provider of fixed income investment management solutions. FundConnect is part of State Street's electronic trading solutions and allows clients to invest in a wide range of institutional money market funds from leading providers through a single, secure interface. State Street's FundConnect is one of the largest online money market trading portals according to Crane Data. "State Street's online money market fund trading platform, FundConnect, is one of the largest "portals" available to large corporate investors and one of the most technologically advanced," said Peter Crane, president of Crane Data. "It has one of the most extensive fund lineups and one of the richest sets of features and functions among portal providers."" The release quotes Tim Dunn, president of Clearwater Advisors, "We are excited that our global client base can access FundConnect. Together we can bring significant expertise, transparency and efficiency to investors for their trading and cash management needs from money market funds to separately managed accounts." Finally, it quotes Greg Fortuna, senior managing director and head of FundConnect, State Street Global Markets, "In an increasingly fast-paced market, corporate investors need convenient and direct methods of optimizing investments. By gaining access to FundConnect, Clearwater Advisors' clients can achieve customized and efficient workflows, a consolidated view of their account balances and real-time execution."
