In the early 1990s, banks, custodians and broker-dealers began investing money in the formation of the Global Straight Through Processing Association (GSTPA). The goal of the group was to come up with a new settlement infrastructure that would settle all trades and make things more efficient for the entire securities industry. Millions of dollars were poured into GSTPA from the sell side.
Despite initial funding and support, the group dissolved in November 2002, just over two months after its of
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