Trade Volumes And Move To T+1 Drive Need To Achieve STP, Survey Says

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LONDON--The move towards shorter settlement times under the SEC’s trade plus one day (T+1) initiative, as well as increasing trade volumes, are driving the need for straight-through-processing systems, according to a survey from PMP Research and Staffware.The survey conducted across a range of financial institutions, including banks, custodians and investment managers, claims that up to 70% of respondents said their current confirmation and settlement systems were not sufficiently automated