The Currenex products and services outlined here are offered in the European Economic Area only to Professional Clients or Eligible Counterparties through State Street Global Markets International Limited, as Currenex MTF, authorized and regulated by the Financial Conduct Authority. Currenex is offered institutional investors or their equivalent in certain other jurisdictions, including the United States of America, by Currenex, Inc., and in Asia Pacific by State Street GlobalLink Asia Pacific Ltd. Currenex may not be available in all jurisdictions. Details about the regulation of a particular offering entity are available upon request. As used herein, “Currenex” means Currenex, Inc., State Street GlobalLink Asia Pacific Ltd. or State Street Global Markets International Limited. Please note also that certain foreign exchange transactions (spot and certain forward transactions) are not regulated in all jurisdictions. 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 (collectively “State Street”). Currenex is a registered trademark exclusively owned by State Street in the United States and in other countries. For more detail on the Currenex electronic trading platform and related services generally, please refer to the Currenex Description of Services and Conflicts of Interest.

This document is for marketing and/or informational purposes only, it does not take into account any investor's particular investment objectives, strategies or tax and legal status, it does not purport to be comprehensive nor is it intended to replace the exercise of a subscriber’s own careful independent judgement regarding any corresponding investment decision. This document and the information herein does not constitute investment, legal, or tax advice and is not a solicitation to buy or sell currencies or other investments nor is it intended to constitute any binding contractual arrangement or commitment by Currenex or any of its affiliates to provide any currency or other services. Any information provided has been obtained from sources believed to be reliable at the time of publication, nonetheless, we cannot guarantee nor do we make any representation or warranty as to their accuracy and you should not place any reliance on such information. State Street Global Markets and Currenex each hereby disclaims all liability, whether arising in contract, tort or otherwise, for any losses, liabilities, damages, expenses or costs arising, either direct or consequential, from or in connection with the use of this document and/or the information herein.

Subscribers should be aware of the risks of participating in trading foreign exchange, fixed income or derivative instruments. Derivatives generally involve leverage and are therefore more volatile than their underlying cash investments. Subscribers should be aware that products and services outlined herein may put their capital at risk. Further, past performance is no guarantee of future results and, where applicable, returns may increase or decrease as a result of currency fluctuations.

This communication is not intended for retail clients, nor for distribution to, and may not be relied upon by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to applicable law or regulation. This publication or any portion hereof may not be reprinted, sold or redistributed without the prior written consent of Currenex or State Street Global Markets. GL CX 2019-01.

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