State Street CTO Sees T+1 As Biggest Issue
2002 PREVIEW
BOSTON--State Street Corp. will dispatch its 3,200 IT technologists on a variety of missions in 2002, the most important of which is the achievement of T+1 before the Securities Industry Association’s June 2005 target, says CTO John Fiore. The bank is confident that it will reach T+1 on time.
State Street will handle straight through processing in three tiers. At the global level, it will establish interaction between the firm, GSTPA and Omgeo. The internal STP effort will focus on improving the
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