Company Stock Trading A client-focused approach to trading company

Company Stock Trading
A client-focused approach to trading company
stock in qualified retirement plans
As a plan sponsor, you know the importance of ensuring best execution
State Street Global Markets Offers
for all trades within your qualified retirement plan. However, the
Experience — A global team of
highly experienced traders offering
risk-controlled trading strategies to
achieve benchmarks
Expertise — A specialist in ERISA trading
with a true understanding of current
regulations and compliance requirements
Size — One of the largest consolidated
crossing platforms in the industry
Scale — Unique natural liquidity from our
leading custody, asset management and
transition management businesses
Confidence — A trusted, unconflicted,
agency-based partner you can count on
challenge can become more complex when the asset involved is
a company’s own stock.
To help you meet this challenge, State Street Global Markets delivers
trading services that provide a seamless extension to your plan’s existing
oversight process — and offer the added benefit of a client-focused
approach to trading company stock. Not only can you monitor your
plan’s company stock trading activity with comprehensive quarterly
and annual reports, but you also get to partner with a specialist in
ERISA trading with a true understanding of current regulations and
compliance requirements.
A Market Leader and an Unconflicted Partner
State Street Global Markets has a long history as an agency-based, unconflicted
provider. We put our clients’ interests first and do not run a proprietary
trading book. To minimize the market impact of trade executions, we make it our
You Receive
Best execution for company stock trading
Quality, cost-effective trading services
Extension to a qualified retirement plan’s
existing oversight process
Full transparency of execution
Risk-controlled trading with a focus on
multiple benchmarks, including VWAP,
TWAP, Arrival Price, Market-On-Close
and Implementation Shortfall
Quarterly and annual reporting
priority to be fully committed to both maintaining your anonymity and protecting
the information value of your trades.
A Recognized Leader
State Street Global Markets is a recognized
leader in exposure solutions and transition
management services. Our commitment
to innovation helps us meet the constantly
changing needs of our clients.
We are also a full-service securities trading firm and market leader in providing
company stock trading for many S&P 500 corporations. By understanding the
specialized needs of plan sponsors, we can offer:
Best Execution
events that can affect stock price.
When you partner with State Street Global
Markets, you partner with a leader who:
Traded $13 trillion in volume across
asset classes in 2009
Completed more than 1,000
transitions representing $418 billion
in value in 2009
Provided exposure solutions across
163 mandates totaling $16.2 billion
in assets in 2009 benchmarked to
65 different indices
Has trading relationships with 89 of the
top 100 global investment managers*
Was named Transition Manager
of the Year in 2010 at the Global
Pensions Awards
Received a No. 1 ranking in the
“Overall (Weighted)” category by
the Global Investor 2010 Transition
Management Survey
Our highly experienced traders are aware of market dynamics and corporate
We trade based on market conditions to achieve the best possible price for
your company stock trades.
Trade Monitoring and Reporting
You can monitor your stock trading activity through comprehensive
quarterly and annual reporting, including comparison with multiple
benchmarks such as VWAP, TWAP, Arrival Price, Market-On-Close and
Implementation Shortfall.
Specialization in ERISA Trading
We have the ability to satisfy your unique reporting and
compliance needs.
Your trade execution and commissions are fully disclosed.
We strictly adhere to 10b-18 rules and DOL Prohibited Transaction
Exemption 86-128.
Trading volume is limited to 25 percent of Average Daily Volume.
*Based on P&I/Watson Wyatt World 500 list of the
largest global investment managers, as published in
Pensions & Investments, December 2009.
Our Reporting at a Glance
Our comprehensive quarterly and annual reports provide you with the opportunity to monitor trade execution.
Quarterly Reports
Annual Report
XYZ -2009 Year End Summary Report
State Street Global Markets provides specialized research, trading, securities
lending and innovative portfolio strategies to owners and managers of institutional
assets. Our goal is to help enhance and preserve portfolio values for our clients
through original flow-based research, proprietary portfolio and risk management
technologies, trading optimization and global connectivity. State Street’s unique
position at the crossroads of the global markets enables our sales and trading
professionals to tap diverse sources of liquidity and provide cost-effective
solutions for our clients.
With $19.0 trillion in assets under custody and administration, and $1.8 trillion
in assets under management,* State Street is a leading financial services provider
serving some of the world’s most sophisticated institutions. We offer a flexible
suite of services that spans the investment spectrum, including investment
management, research and trading, and investment servicing. With operations
in 25 countries serving clients in more than 100 markets, our global reach,
expertise, and unique combination of consistency and innovation help clients
manage uncertainty, act on growth opportunities, optimize cost structures and
enhance the value of their services.
*As of June 30, 2010
For more information, please contact:
Susan Daniels
+ 617 664 3099
[email protected]
State Street Global Markets is the marketing name and a registered trademark of State Street Corporation, used for its financial markets business and that of its affiliates. This document is a general
marketing communication. It is not intended to suggest or recommend any investment or investment strategy and does not constitute investment research. This document is confidential and is
intended for distribution to professional investors. This document is not directed at retail clients. Products and services outlined in this document are offered to professional investors through State
Street Global Markets LLC, which is a member of FINRA and SIPC, and State Street Bank and Trust Company, State Street Global Markets International Limited and State Street Bank Europe Limited,
all of which are authorized and regulated by the Financial Services Authority in the United Kingdom, and their affiliates. The products and services may not be available in all jurisdictions. Please
contact your sales representative for further information.
State Street Global Markets is the investment research and trading arm
of State Street Corporation (NYSE: STT), one of the world’s leading
providers of financial services to institutional investors.