The GSTPC Becomes A Formal Entity, 12 Member Institutions Will Govern
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LONDON--The Global Straight Through Processing Committee agreed to become a formal body at a meeting on July 1 as part of an effort to bolster its promotion of electronic trading. The GSTPC will be governed by an executive committee with representatives from 12 of its member firms, while the remaining 20 participants will hold general membership.
The executive committee firms will be named within the next few weeks, says Derek Stein, first vice president at Merrill Lynch. The group will keep its
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