GSTP May Have New Partner, Axion4 Loses Out

OPERATIONS AND STP

LONDON--GSTP AG, the operating company of the Global Straight Through Processing Association, has set a September launch date for its virtual matching utility (VMU) and has dissolved its partnership with Axion4, which was to build and run its VMU.

Instead of working with Axion4, GSTP is assuming direct responsibility for the VMU and will work directly with other service providers. Axion4 is a joint venture between SIS Segaintersettle, TKS-Teknosoft SA/TATA Consultancy Services and Swift.

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