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GSTPA Selects partners For transaction System

The Global Straight Through Processing Association (GSTPA) has officially selected partners to help it develop a worldwide crossborder securities transaction processing system.

GSTPA chose the Depository Trust and Clearing Corporation (DTCC), SIS Segaintersettle, Swift and TKS-Teknosoft/Tata Consultancy Services (TCS) as partners in the alliance.

The alliance will develop and run the Transaction Flow Manager (TFM) system and messaging network to control

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