NEW YORK--The Global Straight Through Processing Association Processing Association (GSTPA) wrapped up a tumultuous year by picking a hybrid consortium of five vendors to build its Transaction Flow Manager (TFM). The TFM is expected to play a key role in facilitating straight through processing and the T+1 settlement cycle, which the industry is expecting to move to by 2002. Choosing a consortium to build the TFM has been GSTPA’s main focus in 1999.
The winning bidders are The Depository Trus
Anthony and James take a look at the interdealer broker space and quickly hit on whether or not bitcoin ETFs are to come in the near future.Subscribe to Weekly Wrap emails