Straight Through Processing initiatives got a leg up last week with the publication of a Global Code of Practice for Thomson Electronic Settlements Group's Alert database. The code was the culmination of work of Thomson ESG working parties in the Americas, Europe and Asia/Pacific, representing broker/dealers, investment managers and custodians.

This initiative provides a set of uniform global practices and procedures for the use of Alert by trading counterparties. "Ease of connectivity, alon

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