GSTP Begins Scripted Pilot Testing Phase
STP
NEW YORK--GSTP has started the second phase of pilot testing--scripted testing--with encouraging results, according to participants.
The objective is for participants to demonstrate that they can interoperate effectively with counterparties via the Transaction Flow Manager (TFM) to match trades and settlement details and internally process such information.
With the aim of executing and matching trades using the TFM, pilot participants follow predefined scripts. The scripts have been prepared by
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