Forget Y2K, the Real Challenge Lies in Y2K+

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The coming year's hurdles will be exacerbations, if not continuations, of last year's obstacles. Straight through processing and T+1 remain the bugbears for IT officers. More important than the promises of improved efficiency, reduced errors and labor costs, it will be impossible to settle trades on the next day without straight through processing.

It became apparent last year that the influence of advanced technology and diminishing margins was contributing to a more difficult business envi

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