The Global Straight Through Processing Association and Axion4 are preparing for a much-anticipated pilot test of their post-trade, pre-settlement cross-border trade management utility. All the coding--some 3 million lines’ worth for the system’s core trade messaging and matching engine, the Transaction Flow Manager (TFM)--is complete, and axion4 is ready to take its next step, according to KPMG Consulting’s C. Steven Crosby, acting CEO of GSTPA AG.
Currently in final acceptance testing, the
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails