Straight-through processing: Is this the end on the buy side?
SPECIAL REPORT: STP
Since the SIA indefinitely postponed the T+1 implementation date in the US midway through last year, straight-through processing (STP) has gone off the radar at many buy-side firms. This, argues TowerGroup’s Tim Lind, is not altogether a bad thing. By Stewart Eisenhart.
Despite their best intentions, the STP’s advocates’ argument that automation of trade processing is vital to buy-side interests has failed to convince asset managers to step up their efforts. So argues a new TowerGroup report, A
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