STP’s Second Wind
FEATURE
Like a prizefighter refusing to toss in the towel, straight-through processing (STP) appears to be gathering a second wind. After suffering major blows over the past couple of years--the cancellation of the T+1 initiative, the implosion of the Global Straight Through Processing Association (GSTPA) and the industry’s fatigue caused by long waiting periods for STP deliverables--the concept of STP is finally beginning to deliver on its promises. Banks are implementing and improving real-time trade
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