Bidding to Begin for GSTP’s Assets
OPERATIONS AND STP
ZURICH--The Swiss bankruptcy lawyers for the GSTP, the operating company of the failed virtual matching utility (VMU) initiative of the Global Straight Through Processing Association (GSTPA), will open the bidding process this week for the GSTP’s technology assets.
A five-member creditors council established to oversee the proceedings has instructed the administrator, Swiss law firm BurgiNageli, to invite interested parties to bid for the GSTP’s Transaction Flow Manager (TFM) matching engine and
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