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State Street Takes A Swing At the Block Business With Pulse Deal

Traders Magazine Online News, September 30, 2011

John D'Antona Jr.

State Street Corp.'s deal to purchase Pulse Trading offers the Boston-based bank the ability to leverage its huge transition management business through Pulse's dark pool, BlockCross, according to industry observers. With the addition of BlockCross, they say, State Street Brokerage would be better able to attract more block-size liquidity from money managers looking to trade anonymously and in size, giving the broker both sides of a trade.

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