Toward a Radical Solution for the Post-Trade Process
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Paul Pickup, a director with consultancy Trading Technology, is proposing that the buy side accept a radical solution to the vagaries of the post-trade process.
The real solution to the post-trade, straight-through processing (STP) conundrum is to create holding accounts for the buy side that are used to settle transactions with the sell side, and to compel the buy side to perform their own allocations internally.
The financial services world needs this kind of business process re-engineering in
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