GSTPA Scores Low Marks In Industry Visibility

MUNICH--It appears that the Global Straight through Processing Association is winning the attention of bidders on its TFM while the rest of the industry is indifferent to the main focus of its agenda--STP.

That's what Cap Gemini found in an August survey of 169 broker dealers, fund managers and custodian banks in 14 countries, who displayed a lack of awareness to GSTPA. The results of its findings were disclosed at Sibos.

Cap Gemini was the first vendor to publicly acknowledge its interest in the