VMU Market’s Future in Doubt
NEWS ANALYSIS
LONDON--The market for Virtual Matching Utility (VMU) services appears to be in serious trouble nearly six months after the SIA’s postponement of its T+1-by-2005 goal and weeks after the collapse of the GSTP effort to provide an industry-owned VMU.
The Zurich-based GSTP, set up by the Global Straight Through Processing Association (GSTPA) to develop and run a VMU, announced last month that it will go out of business by the end of the year (TTW, Nov. 25).
The deferred push for T+1--the automatic
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